Hong Kong FinTech Week is coming to the fourth this year. The main exhibition will be held at AsiaWorld-Expo on November 6 and 7. This annual event, hosted by the Hong Kong Government’s InvestHK, will attract more than 10,000 participants from more than 60 economies, including more than 150 exhibitors and over 250 outstanding speakers. Exhibitors must be strictly reviewed by the government and regulators. It also has sponsors and participants such as Citibank, HSBC, and Microsoft. Among them, the participating companies include having the rapid development in recent years, and as a pioneer in the blockchain industry, Timeless Investment Management Company Limited.
Timeless Investment Management Company Limited is an investment management company based in Hong Kong and participate in the development of financial technology. It participates in the main conference of FinTech Week to exchange views, discuss cooperation and accelerate the development of blockchain in Hong Kong together with the industry.
Timeless Investment Management Company Limited invested in a number of FinTech projects, including SWAP and DCDex. SWAP established a trading platform based on blockchain technology and pioneered the AUO (Asset Unitize Offering) model. Unit trust is the key for AUO model. By trusteeship of high-quality projects and assets, including real estate and finance projects. The assets will be smoothly linked to the tokens which allow investors to trade global quality financial assets through tokens. DCDex, which also operate on blockchain, introduced the concept of decentralized digital asset exchange with the advantages of high transparency and high security. In addition, Timeless has cooperated with GV media, a film and entertainment investment company that will be listed in Europe. Besides investing in famous films and entertainment projects, GV Media is also ready to let the public invest in film and entertainment project in the form of tokens.
Hong Kong is a global financial centre with a geographical advantage, and its information flow and transparency are suitable for the development of financial technology. According to InvestHK’s figures, about half of the world’s top 100 financial technology companies are developing business in Hong Kong. In addition, the Hong Kong Monetary Authority launched the “FinTech Management Sandbox” in September 2016 to facilitate the application of financial technology to develop products by banks and technology companies. As of the end of August 2019, 74 products had been running and testing. Since October last year, the HKMA has also joined hands with 12 banks in Hong Kong to establish a trade settlement platform with blockchain technology as its backbone.
