The five-day Hong Kong FinTech Week kicks off today with expectations of 20,000 physical attendees. 

The Hong Kong FinTech Week begins today and will last November 4 with expectations of over 20,000 physical attendees and 300 speakers. 

An online option will also be made available with estimates of more than 4 million views.

Challenges Ahead

The event faces several challenges at the very start already, with questions about whether or not Hong Kong financial secretary Paul Chan will kick off with his opening speech after he tested positive for Covid last week in Riyadh. Chan is making it back to Hong Kong as soon as possible, according to a government announcement, while also following health protocols. 

Another notable challenge for Hong Kong’s fintech week is Singapore overlapping fintech event, which runs from November 2 to 4. The Singapore Fintech Festival is expected to attract over 60,000 attendees and 800 speakers. 

Crypto Announcement

One widely anticipated highlight is the Hong Kong government’s announcement of its ambitions to make the city a virtual asset hub, especially with regard to «opening up investors’ access».

The timing is especially noteworthy as Singapore had just called for public feedback last week on related proposals, including tightened crypto access for retail investors.