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Georges Elhedery: HK Is Major Global Fintech Innovation Hub, Connecting Innovation/ Capital/ Regulation
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Georges Elhedery, CEO of HSBC HOLDINGS (00005.HK), said at an event that the Group recently announced an investment of over $100 billion to privatize HANG SENG BANK (00011.HK), reflecting confidence in Hong Kong's financial and technological prospects. He believed that Hong Kong can connect the ecosystem of innovation, capital and regulation, making it a major global fintech innovation hub. The US drives the development of generative AI and blockchain assets through innovation and large-scale investment, while Europe prioritizes safety, emphasizing the balance between regulation and innovation, Elhedery added. Asia, particularly mainland China and Hong Kong, focuses on efficiency and popularization & application, expressing amazement at the rapid public acceptance of innovative technologies. AASTOCKS Financial News Website: www.aastocks.com |
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