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Digital Economy Summit 2023 sets record with over 4,000 attendance

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Asia’s flagship innovation and technology event, the Digital Economy Summit (DES) 2023 was staged at the Hong Kong Convention and Exhibition Centre (HKCEC) and online. Jointly organised by the HKSAR Government and Cyberport, the two-day summit held in hybrid format gathers the world’s influential leaders in technology, business, academia and government, to explore the significance of technological innovations in boosting economic growth and accelerating the formation of resilient and futureproof digital societies.

DES 2023 aims to inspire regional and global visions for a better digital future. More than 100 renowned international speakers share their insights over the two days in eight specialist forums anchored around the central theme “Emerging with Resilience: Fostering a Smarter Future”.

Mr John Lee, Chief Executive of the HKSAR; Professor Sun Dong, Secretary for Innovation, technology and Industry of the HKSAR Government; Ms Shumin Cao, Deputy Director, Cyberspace Administration of China and Mr Dong Chen, Deputy Minister, The Liaison Office of the Central People's Government in the HKSAR, officiated the opening ceremony.

Mr John Lee said, “Our country's key strategies of the National 14th Five-Year Plan and the Guangdong-Hong Kong-Macao Greater Bay Area development support Hong Kong's development into an international innovation and technology (I&T) centre. We are now poised to start a new chapter of digital economy development through our persistent pursuit of I&T advancement. To echo the theme of today's Summit, we must embrace the sweeping changes brought about by the digital revolution, in order to emerge stronger than ever in a smarter future. As the only city in the world where the global advantages and the China advantage converge, Hong Kong will continue to be the ideal base for Mainland enterprises to develop their global reach and a launchpad for foreign companies to gain access to the Mainland Chinese market. It is our top priority to ensure that business and investment prospects in Hong Kong will continue to flourish in the years to come.” 

The first day of DES 2023 featured keynote and panel discussions by a stellar line up of representatives from tech giants, thought leaders, technologists from Huawei, Alibaba Cloud, Arup, Cisco, Pony.ai and Financial Services Regulatory Authority of Abu Dhabi Global Market; along with government officials from Mainland China. Topics covered included digital bay area, cloud-based systems at international sports events, low-carbon sustainable development, smart urban transformation, digital government, autonomous driving technology, best practices in emerging Fintech, integration of traditional and new economy, geospatial technology, GBA smart city development, and more. 

This year an experience zone offered audiences to hands-on the latest technology solutions from Cyberport community companies, co-organisers, and more, spanning the essential smart living domains of health and wellness, food, lifestyle, mobility, retail and also smart industrialisation aspects.  Participating companies include Dmall, Gense Technologies, Farmacy, and many more. 

Day 2 of DES 2023 kicked off with the much-anticipated FinTech Forum, featuring Web3 and virtual assets in reshaping the future of financial services.  Empowering Web3 talent and successful cases of FinTech Proof-of-Concept Subsidy Scheme were also among the spotlights. 

Mr Paul Chan, Financial Secretary, said in his opening remarks, “Hong Kong has a vibrant FinTech ecosystem. Today, we are home to more than 800 FinTech enterprises. This is the success of the concerted effort of the Government, the public and private sectors. The success or otherwise of FinTech, virtual assets or Web3 applications in finance will be staked on whether new technologies, models and applications could actually serve the needs of the real economy; address pain points that have long existed; increase efficiency of transactions; create value and better experiences for the people; and, ultimately, work for the betterment of the community. Judging from the approach we have taken thus far, I have much confidence and optimism in Hong Kong’s FinTech future.” 

Mr Simon Chan, Chairman of Cyberport, said, “FinTech and Web3 are game changers of our times. As an international financial centre and I&T hub, Hong Kong is uniquely positioned to pave the way forward for the next-generation FinTech and Web3. After the launch of Web3 Hub@Cyberport in January this year, the number of Web3 companies at Cyberport has remarkably increased by nearly 60%, exceeding 140. Cyberport will continue to collaborate with the Government and all sectors to collectively cultivate a Web3-friendly environment for the industry to thrive. By fully leveraging our competitive edges in finance and I&T, we are all set to usher in a new era of Web3.”

Keynote speakers included Ms Ying Zhang, Deputy Director, Shanghai Municipal Commission of Economy and Informatization who introduced Shanghai’s experience in developing data factor market. Ms Clara Chan, Executive Director (Monetary Management), Hong Kong Monetary Authority talked to the audience about adopting a regulatory regime to support the sustainable and responsible development of virtual assets, such as stablecoins.  In a panel formed by ESG experts, participants discussed Hong Kong’s transition into an international carbon market. Leading academics and educators then exchanged views on how Hong Kong can attract Web3 talents and nurture the next-generation local workforce.

In the afternoon’s parallel tracks, industry leaders and technologists gathered to discuss foresights in Web3/blockchain, new industrialisation and smart mobility technologies. 

The online event platform remains open for event registrants to view on-demand contents and visit virtual solution showcases. Please visit social media for photos. Stay tuned for more photos and video updates soon!

Digital Economy Summit 2023 sets record with over 4,000 attendance

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