In the Media

Hong Kong is rolling out its first-ever five-year plan by the end of September. Prof. Heiwai Tang, Associate Dean of HKU Business School and Director of the Asia Global Institute shares with South China Morning Post that Hong Kong should not be the last defender of laissez-faire.

Currently, the development and application of fintech and digital finance are no longer limited to non-bank fintech companies and large internet platforms. In fact, traditional commercial banks—which still firmly occupy a dominant position in the market—especially many large commercial banks, have been investing heavily in the development and application of cutting-edge financial technologies.