Hong Kong, Shenzhen ‘to deepen’ ties in finance and AI to build world-class fintech hub

Hong Kong and Shenzhen can work closely to empower finance with artificial intelligence, delegates said on Thursday at the China Conference: Greater Bay Area, an event hosted by the South China Morning Post.
Joseph Chan Ho-lim, undersecretary for Financial Services and the Treasury in the Hong Kong government, said Hong Kong and Shenzhen were seeking deeper cooperation between finance and technology.
Chan said at the event in Qianhai, a bonded zone in Shenzhen, that Hong Kong, as a “superconnector” and “super value adder”, could leverage its strength in financial services to support Shenzhen in technology and industrial finance, with the shared ambition of building “a world-class fintech hub”.

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Hong Kong was “actively deepening ties in fintech with our main counterparts, particularly Shenzhen”, he added.

AI and finance can empower each other, says Xiao Ting, chairman and executive director at the Bank of Communications (Hong Kong). Photo: SCMP
AI and finance can empower each other, says Xiao Ting, chairman and executive director at the Bank of Communications (Hong Kong). Photo: SCMP

“We are also working closely with Qianhai to advance deeper integration between technology and finance across both cities,” Chan said. To do so, Hong Kong would encourage Hong Kong fintech firms to set up subsidiaries and support Shenzhen technology firms to leverage Hong Kong’s capital market, he added.

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Chan also said Hong Kong and the mainland were mutually recognising banking talent, with the first bridging programme for dual qualifications launched in the fourth quarter of 2025 in collaboration with the Hong Kong Polytechnic University.

South China Morning Post

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