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Jab mobile station set

The Government will launch the COVID-19 Mobile Vaccination Station on December 3 to enable members of the public, in particular the elderly, to receive a COVID-19 vaccination at their gathering places in the community.   The station will first provide services to people residing in the vicinity of Sun Chui Estate in Sha Tin.   The procedures of receiving a vaccination on the vaccination vehicle are the same as that in community vaccination centres.   There will be temporary waiting and resting areas at open spaces next to the vaccination vehicle, and free medical consultation services will be available to people who plan to get vaccinated on the spot.   The vaccination vehicle is equipped with a wheelchair lift for people with impaired mobility to receive vaccination.   Only one type of vaccine, either the BioNTech or the Sinovac one, will be provided at the vaccination vehicle.   Members of the public can receive their first, second or third dose of vaccination at the mobi

Fintech growth strategies in place

To foster fintech development in Hong Kong, the Financial Services & the Treasury Bureau has recently announced a three-pronged strategy covering opening up of data, policy co-ordination and skill enhancement.   First of all, data are indeed precious assets in a new era where financial development is driven by technology. In this regard, the Chief Executive mentioned in her Policy Address this year that the Monetary Authority would develop the Commercial Data Interchange (CDI), through which enterprises could authorise service providers such as payment systems, public bodies or utility companies to furnish banks with data. Banks can then make more accurate predictions about the sales and operation of enterprises, thereby reducing the need for enterprises to provide collateral.   Opening up of government data and the sharing of such data with financial institutions play a crucial part in the development of the CDI. That is why we are now considering the sharing of data in the Companies Register to the CDI, to make it more convenient for financial institutions to obtain reliable information on registered companies.   Secondly, integration of technology and finance has introduced new dynamics to our market, and with the sector evolving rapidly under a more competitive international landscape, it is clear that we have entered a new stage of fintech development. New challenges have emerged for policymaking and regulations as a result. To strike a better balance between market development and regulation, a co-ordination group on implementation of fintech initiatives will be established within the Government. This group will holistically review and supervise the development of fintech in Hong Kong, covering the areas of Mainland and overseas co-operation, financial infrastructure, regulatory regimes, cybersecurity, promotion, talent development and other cross-sectoral fintech co-ordination.   Data and policy co-ordination aside, we will once again commission Cyberport to launch a training programme for our financial practitioners, to promote better understanding and encourage more application of fintech by the financial services industry. This time eligible participants will be expanded such that more practitioners can join the programme, and learn from the sharing of guest speakers having practical experiences and knowledge in the latest development of regtech, know-your-customer, blockchain and cybersecurity, etc. We expect the training programme will benefit up to 1,500 practitioners, and promote more application of fintech in the industry.   Just now I have shared with you our three-pronged strategy to facilitate fintech development in Hong Kong, and we are confident that the strategy will hit the bull’s eye, and together with the industry we will make the best use out of the opportunities offered by fintech.   Secretary for Financial Services & the Treasury Christopher Hui gave these remarks at FinTech Innovation Lab Asia-Pacific Demo Day on November 18.
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