Policy Address

19. The Asian Infrastructure Investment Bank (AIIB) promotes infrastructure development in Asian countries. Hong Kong can support the AIIB in such areas as project financing, bond issuance, investment, financial management and foreign exchange management. Hong Kong has been officially invited to join the AIIB. We expect the relevant procedures to be completed by the middle of this year.

20. We also need to promote the development of financial technologies (Fintech) to establish Hong Kong as a hub for the application and setting of standards for cutting-edge Fintech. The sector as well as research institutions and regulatory authorities are actively studying a number of projects on cyber security and “Blockchain”, and building a pool of talent.

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