The Memorandum of Understanding (MoU) aims to strengthen the supportive relationship between InvestHK and the Crypto Valley Association (CVA), enhancing cooperation between the fintech ecosystems of Hong Kong and Switzerland. The MoU focuses on providing regular updates based on the latest market information to help companies in both regions better understand fintech trends and developments.

Furthermore, it encourages companies, startups, and investors to develop their businesses within highlighted areas by providing relevant information and facilitating network building. The MoU also supports and facilitates incoming business missions and investment promotion events to foster bilateral investment between the two economies.

Signatories at the Ceremony:

– King Leung, Global Head of Financial Services and Fintech at InvestHK
– Ilya Volkov, Board Member of the Crypto Valley Association
– Nikoletta Csanyi, Executive Director of the Crypto Valley Association

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A More Interconnected Global Fintech Ecosystem

Alpha Lau, Director-General of Investment Promotion at InvestHK, commented, “Hong Kong is well positioned as a value-adding super-connector to foster innovation and its commercialization. InvestHK proactively supports businesses seeking to scale and succeed in Hong Kong and beyond.

“This MoU not only marks a new milestone in the collaboration between the fintech ecosystems of Hong Kong and Switzerland but also highlights the city’s appeal as a premier destination for fintech and Web3 innovation. We look forward to facilitating the active development and integration of companies’ technologies into the city’s international financial services system.”

Nikoletta Csanyi, Executive Director of the Crypto Valley Association, stated, “Innovation knows no boundaries. Through strategic partnerships like this one between InvestHK and the Crypto Valley Association, we are paving the way for a stronger, more interconnected global fintech ecosystem.

“This Memorandum of Understanding signifies our commitment to fostering collaboration, driving technological advancements, and creating opportunities for growth and innovation between our ecosystems. Together, we have the opportunity to shape the future of finance and propel Hong Kong and Switzerland to the forefront of fintech excellence.”

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Source: thefintechtimes.com

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