aims of A new Initiative of the government of Hong Kong, through a simplification of the immigration policy experts, the Distributed Ledger Technology (DLT) to attract, said in a press release on may 28. August has been released.
On Thursday, the government of Hong Kong published its first talent list with the aim „to attract highly-qualified“ experts in 11 different areas, including Fintech, DLT, and Cyber-security, from all over the world. The step refers to the intention of the government, „Hong Kong’s development as an economy with high value-added and diversified economy“.
According to the press release Hong Kong, successful applicants will help in the context of the talent list through the Quality Migrant Admission Scheme (QMAS). The QMAS has an annual quota of 1,000 persons. chief Secretary for administration and Chairman of the staff, planning Commission, Matthew Cheung Kin-chung, said:
„the proclamation of The talent list is one of our most important initiatives to improve our competitive advantage by attracting international talents, and cluster effects to create, the development of local talents and Hong Kong.“
While Hong Kong continues to be regulatory measures in relation to digital currencies and Initial Coin Offerings (ICOs) is taking, and notes that the new technology „is fraught with risks“, it seems to give the impression to be an international Blockchain Hub.
In the past month, the Hong Kong Monetary Authority (HKMA) announced in August the introduction of a Blockchain-Trade-Finance-solution with 21 banks, in order to reduce the paper burden, costs and risks for the safety of the participants.
In June, the HKMA signed a technology cooperation agreement with the Financial Services Regulatory Authority, the Abu Dhabi Global Market, „to begin a dialogue about the possibility for the establishment of a cross-border trade Finance network, with [DLT].“ This month, Alibaba’s subsidiary Ant Financial, has carried out its first Blockchain Transfers, and a transaction in three seconds between his AliPayHK App in Hong Kong and the Filipino-payment application GCash sent.
The Hong Kong University of science and technology (HKUST) recently received a research grant in the amount of 20 million US dollars to improve the security features of electronic payment systems at the beginning of the month.
to discuss In addition, the HKUST planning in cooperation with the University of Hong Kong Blockchain-technology-to explore applications and the possibility of the transformation of Hong Kong into a global Fintech Hub.