迎接新金融產品 監管分工須配合 The Regulatory Division Needs to Match the New Financial Products
香港金融科技周數字化趨勢下的投資策略講座後記 Post Talk on Investment Strategies under the Digital Trend of The Hong Kong Fintech Week Satellite Event
【明報專訊】註冊財務策劃師協會及雲端與流動運算專業人士協會每年在香港金融科技周舉行期間，都會舉辦周年研討會，以於金融及科技兩個專業範疇邀請業界翹楚互相交流。名為「數字化趨勢下的投資策略」的講座共吸引了線上及線下超過120位業界人士參與。正當香港正面對人才、企業、資金及股票市場疲弱的種種負面因素下，今年金融科技周高調宣布將會擁抱虛擬資產並致力建設香港成未來全球虛擬資產交易中心，而今年的研討會正適逢金融科技周舉行前一周召開。
摸着石頭過河 參與元宇宙虛擬資產交易
首輪專題討論「擁抱Web 3.0年代下的投資策略和風投趨勢」由註冊財務策劃師協會會長黃敏碩主持，分享專家包括意博金融（VSFG）投資總監陳裕楷、STEPN顧問鄧志遠、Asymmetry Capital 創辦人黃一哲及Gusto Collective市場總監郁加欣。幾位專家特別關心的議題當然是政府橫空推出支持數字資產交易「救市」的宣言。 古往今來，受人尊重之智者皆有「聞過則喜」的高風亮節，「知過不諱」的坦蕩胸襟及「改過不憚」的知恥後勇。 一旦虛擬資產交易變成主流化，專家建議投資元宇宙及Web 3領域必須注重項目的核心能力及基礎建設應用而不是發行的虛擬貨幣本身的價值。另外大家也注意到政府愈來愈支持本土企業。雖然過去推出的政策並不理想，業界對香港能否再次成為區內以人才、融資及法規取勝的虛擬資產交易中心仍具信心。元宇宙發展仍然在起動階段，幾位專家也同意，需以摸着石頭過河的態度參與其中，否則等到完全成熟的時候才追落後就來得太遲。
港須敏銳市場觸覺 應對急速變化
壓軸的專題討論主題是由筆者主持的「央行數字貨幣會加速數字化轉型」。分享的專家包括香港數字金融協會聯席會長劉業民，華泰金融控股（香港）網絡金融，零售及私人財富管理合規主管兼香港金融科技協會董事會成員李嘉明，香港互聯網金融協會會長兼Banking Circle大中華區總經理李國樑，以及Gilt Chambers大律師兼前私隱專員黃繼兒。
討論帶出幾個非常值得大家繼續探討的議題。其一是香港需要繼續發揮其國際金融中心地位就必須積極發展mCBDC的跨境支付系統的落地工作來增加核心競爭力。其二是香港必須整合多方資源打造數字基礎建設、相關人才培育，以及一系列如個人資料保護及合規的相關落地工作。否則上有新政策，下卻苦無對策。其三提及央行數字貨幣對香港的機遇和挑戰，談及政府和業界之間一直缺乏有效的互動渠道。監管機構的分工是按傳統金融產品類別劃分，但新金融產品每每跨越傳統分類而導致監管滯後的問題比其他的金融中心來得嚴重。
香港能否憑着eCNY及eHKD的推出依賴數字化轉型彎道超車，中文修養頗高的李嘉明以蘇軾的「人生到處知何似，應似飛鴻踏雪泥」勉勵大家要用敏銳的眼光注意金融科技的相關行業信息及各地政府的政策舉動來做全場的終結。
原文刊登於2022年11月7日明報財經
{Ming Pao Daily News} The Association of Certified Financial Planners and the Association of Cloud and Mobile Computing Professionals hold annual seminars during the Hong Kong Fintech Week to invite industry leaders in both financial and technology disciplines to exchange ideas with each other. The seminar titled "Investment Strategies in the Face of Digitalization" attracted more than 120 participants from the industry, both online and offline. This year’s seminar was held during the Hong Kong FinTech Week, a high-profile event that announced Hong Kong’s commitment to embrace virtual assets and build Hong Kong into a future global virtual asset trading hub, at a time when Hong Kong is facing negative factors in terms of talent, corporate, capital and stock market weakness.
Participating in virtual asset trading in the Metaverse with a “Crossing the river by touching the stones” Attitude
The first round of panel discussion, "Investment Strategies and Venture Capital Trends in the Age of Web 3.0", was moderated by Mr. Michael Wong, President of the Society of Certified Financial Planners, with panelists including Brian Chan, Director of Investment at VSFG; Mr. Rico Tang, Consultant at STEPN; Mr. Ray Wong, Founder of Asymmetry Capital; and Ms. Caroline York, Director of Marketing at Gusto Collective. The topic of particular interest to the experts was of course the government’s announcement to support digital asset trading. Throughout history, wise men and women have been respected for their courage and courage to "learn from their mistakes", their open-mindedness and their courage to "correct their mistakes". Once virtual asset trading becomes mainstream, experts suggest that investments in the metaverse and Web 3 sectors should focus on the core competencies and infrastructure applications of the project rather than the value of the virtual currency issued itself. It is also noted that the government is becoming more and more supportive of local enterprises. Although the policies introduced in the past are not ideal, the industry is still confident that Hong Kong can once again become a regional hub for virtual asset trading with talent, financing and regulations. The development of the metaverse is still in its infancy, and several experts agree that it is important to take a hands-on approach to the process, otherwise it will be too late to catch up until it is fully mature.
Hong Kong needs to be sensitive to the market sense to cope with rapid changes
The topic of the 2nd panel discussion was "Central Bank Digital Currency will accelerate the digital transformation", which was moderated by the author. The panelists included Mr. Edmond Lau, Co-Chair of Hong Kong Digital Finance Association; Ms. Irene Lee, Head of Retail, Fintech and Private Wealth Management Compliance of Huatai Financial Holdings (Hong Kong) and Board Member of Hong Kong Fintech Association; Mr. Paul Li, President of Hong Kong Internet Finance Association and General Manager — Greater China of Banking Circle; and Mr. Stephen Wong, Barrister of Gilt Chambers and former Privacy Commissioner.
The discussion brought out several issues that are worthy of further exploration. One is that Hong Kong needs to continue to play its role as an international financial center by actively developing the implementation of mCBDC’s cross-border payment system to increase its core competitiveness. Secondly, Hong Kong must integrate multiple resources to build digital infrastructure, nurture relevant talents, and implement a series of related work such as personal data protection and compliance. Otherwise, there are new policies on the top, but no countermeasures on the bottom. Thirdly, the panelists mentioned the opportunities and challenges of the central bank’s digital currency for Hong Kong and the lack of an effective interaction channel between the government and the industry. The division of labor between regulators is based on traditional financial product categories, but new financial products often cross traditional categories, resulting in a regulatory lag that is more serious than in other financial centers.
Whether Hong Kong can leapfrog with the launch of eCNY and eHKD and rely on digital transformation, Irene Lee, who is solid in Chinese literature, encouraged us to use our keen eyes to pay attention to fintech-related industry information and local government policy initiatives with a excerpt of a Chinese poem to conclude the session.
