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Hong Kong FinTech Week x StartmeupHK Festival 2025: United for decade of innovation and scaling
The entire week attracted a record high of over 45 000 visitors from over 120 economies and featured over 1 000 distinguished speakers, over 800 exhibitors and more than 30 Chinese Mainland and international delegations. The event was organised by the Financial Services and the Treasury Bureau, the Commerce and Economic Development Bureau and Invest Hong Kong (InvestHK), in collaboration with the Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission (SFC), and the Insurance Authority (IA), and the appointed event organiser, Finoverse.
Celebrating a decade of excellence
As the inaugural convergence of the two flagship events, the Chief Executive, Mr John Lee, officiated at the opening of the main conference. The main conference showcased 11 themed forums. These included the Policy Forum, Visionary Forum, InsurTech Forum, HealthTech Forum, Wealth & Investment Management Forum, Digital Finance Forum, Digital Assets Forum, Blockchain & Web3 Forum, AI & Advanced Tech Forum, China-Global Innovation Forum, and TechX Forum.
Deputy Governor of the People’s Bank of China, Mr Lu Lei, attended the main conference and highlighted the fintech collaboration between the Chinese Mainland and Hong Kong, which has driven advancements such as interoperable cross-boundary payments and e-CNY use cases, unlocking new efficiencies. He emphasised the importance of payment innovation promoting connectivity and fostering integrated economic development between the Chinese Mainland and Hong Kong. This comes as China charts its 15th Five-Year Plan and reaffirms Hong Kong’s role as an international financial centre.
Mr Lu noted the continuous expansion of the RMB Cross-border Interbank Payment System (CIPS) in Hong Kong, including the launch of Hong Kong dollar clearing services as well as southbound and northbound fund settlement functions under Bond Connect.
The Financial Secretary, Mr Paul Chan, delivered a keynote address and participated in a panel discussion moderated by the Director-General of Investment Promotion of InvestHK, Ms Alpha Lau. Joining Mr Chan on the panel were the Group Chief Executive of HSBC, Mr Georges Elhedery, and the Group Chief Executive of Standard Chartered, Mr Bill Winters. With around 1 200 fintech companies in Hong Kong, Mr Chan shared three key observations from the journey in building a vibrant fintech ecosystem – financial inclusion as an objective, regulators as enablers of innovation, and responsible and sustainable innovation.
At the panel discussion “Curating the New FinTech Era”, the Secretary for Financial Services and the Treasury, Mr Christopher Hui, highlighted blockchain and AI as the transformative technologies for Hong Kong’s financial services. Mr Hui also noted the important role that regulatory sandboxes and subsidy programmes play in the city’s fintech ecosystem. They are not only the crucial driver in cultivating innovation but also conducive to obtaining valuable views and feedback from the market for better review and enhancement to existing policy and regulatory frameworks.
The President and Chair of the Board of Directors of the Asian Infrastructure Investment Bank (AIIB), Mr Jin Liqun, attended the Main Conference and shared insights on how financial innovation can help maintain and support nature and ecological conservation. He remarked, “Once we can verify nature as an asset, we can make it investable. We can digitise and scale it to make it sustainable in the long run.” He also announced the AIIB’s plan to set up an office in Hong Kong to address its growing business needs.
Charging ahead with heart: policy and ecosystem perspectives
The Under Secretary for Financial Services and the Treasury, Mr Joseph Chan, engaged in an in-depth dialogue with ex-Chairman of Meitu and Angel Investor Mr Cai Wensheng at the Main Conference. Mr Chan detailed Hong Kong’s latest growth in the digital asset space. Mr Chan stated that “The Government is promoting the development of digital asset in a sustainable and responsible manner. As Asia’s leading international financial centre, in June 2025, we issued the Policy Statement 2.0 on the Development of Digital Assets in Hong Kong, reinforcing its commitment to establishing Hong Kong as a global hub for innovation in the digital asset field.”
The Under Secretary for Innovation, Technology and Industry, Ms Lillian Cheong, in a video speech, outlined the Government’s strategic investments in I&T (innovation and technology) infrastructure, talent and industry development, with a view to fostering a vibrant I&T ecosystem in the city and build Hong Kong into a new real economy. She pointed out that the Government strives to consolidate Hong Kong’s strengths in I&T through a series of support measures by better co-ordinating the upstream, midstream and downstream development. She extended a sincere invitation to fintech companies and start-ups to leverage Hong Kong’s unique advantages that underpins its status as a global innovation hub and set up or expand businesses in the city.
The Under Secretary for Environment and Ecology, Miss Diane Wong, delivered a keynote speech on Hong Kong’s environmental and sustainability achievements to date, highlighting the pivotal role played by technological innovation under decarbonisation strategies. “To combat climate change effectively, we need to adopt appropriate measures on climate adaptation and resilience, to protect life and property of our people from the extreme weather events. AI and robots are playing an increasingly important role in these areas,” she said.
Miss Wong added that the Government attaches importance to adopting innovation technologies in its work. She quoted the example of the Hong Kong Observatory, which has been running several AI models to support operational forecasting such as tropical cyclone track forecasting since mid-2023. The AI models have successfully forecast several tropical cyclones this year, to an accuracy better than traditional weather prediction models.
Shaping the future of finance through digital transformation and trust
The Chief Executive of the HKMA, Mr Eddie Yue, outlined the four strategic pillars of the HKMA’s “Fintech 2030” vision: Data and Payment Infrastructure, AI, Resilience, and Tokenisation, collectively known as “DART”. He stated that this strategy aims to establish Hong Kong as a robust, resilient, and future-ready fintech hub, detailing how each pillar will drive the next chapter of fintech in the city. Reflecting on the evolution of Hong Kong’s fintech landscape over the past decade, he introduced the strategy for the upcoming Fintech 3.0 era, characterised by technology embedded in daily life, underpinned by trust, transparency, and intelligence to create a real-world impact and lasting resilience.
Mr Yue also noted AI’s transition from an experimental phase to a significant innovation driver, with over three-quarters of the city’s banks implementing or piloting AI solutions. He emphasised the importance of deeper collaboration across the industry to develop a shared and scalable AI infrastructure that would benefit the banking industry. He reaffirmed that tokenisation remains a key priority and highlighted the role of the HKMA as an enabler and facilitator in building an interoperable and trusted network, which will lay the foundation for a vibrant tokenised asset market. Lastly, Mr Yue stressed that resilience involves not just withstanding shocks, but being secure, adaptive, and future-ready in the face of new innovations.
The Chief Executive Officer of the SFC, Ms Julia Leung, opened the fireside chatby highlighting two new circulars to be issued that day (November 3). These allow Virtual Asset Trading Platforms (VATPs) to share a global order book with their overseas affiliates, connecting the Hong Kong market with global liquidity. The circulars also expand VATPs’ service and product offerings in all types of digital assets.
Ms Leung also discussed the recent joint consultations by the SFC and Financial Services and the Treasury Bureau on the regulatory framework for virtual asset dealers and custodians, noting positive feedback received. She revealed plans to extend the licensing regime to include virtual asset advisory and management, with discussions underway with the Government. The new custody regime will focus on managing risks linked to private keys. The SFC expects to license only the most robust and reliable players to ensure a secure environment.
The Chief Executive Officer of the IA, Mr Clement Cheung, emphasised that the key takeaway from the technological advances in the past few years is that “development is paramount but has to be balanced with regulation”. He acknowledged the rapid progress in technology development within the insurance industry, generative AI and blockchain for example, as “breathtaking”. Taking a dual approach in balancing regulation and development to foster sustainability, he highlighted a series of milestone initiatives of the IA that promote the adoption of advanced technologies and strengthen operational resilience of the industry, including the Open API Framework, the Cyber Resilience Assessment Framework, and the AI Cohort Programme. He also announced the publication of the Whitepaper on Federated Learning.
Mr Cheung stressed that as the insurance sector evolves, regulators must navigate in a balanced and enlightened manner to promote inclusive and responsible innovation.
Collaboration is key: redefining the innovation frontier
Frontier technology, from biotech and fintech to AI and Web3, was the centre of celebration as companies and start-ups took to various stages and panels to discuss what they have been able to achieve in the space.
Nobel Laureate in Physics, Professor Emeritus of the University of Toronto, Mr Geoffrey Hinton, shared at the event the future of AI. Professor Hinton introduced his groundbreaking “Mother AI” theory, emphasising the importance of ensuring AI genuinely cares for humanity rather than replacing it. He outlined strategies to mitigate AI-related risks and highlighted opportunities to foster innovation aligned with human values amid rapid technological advancement, while underscoring Asia’s key role in driving AI innovation.
Co-founder and Managing Partner of DST Global Mr John Lindfors and the Founding Managing Partner of Qiming Venture Partners, Mr Duane Kuang, joined the forum session to exchange insights on how disruptive technologies are reshaping global growth opportunities. They shared perspectives on the rapid maturation of innovation – from AI and biotech to digital assets – into scalable, investable markets, and highlighted how new investment vehicles are opening greater access for investors worldwide.
The President and Chief Executive Officer of Franklin Templeton, Ms Jenny Johnson, predicted that the next wave of major companies will emerge from the AI and crypto innovation. She emphasised that while AI and blockchain are transformative, the biggest challenge is organisational change management, where start-ups adapt faster than incumbents. Ms Johnson noted that current AI investment gains are concentrated among infrastructure providers such as chipmakers and cloud services, but future growth will come as firms learn to expand margins using AI. She also highlighted real-world crypto and NFT (non-fungible token) applications, such as luxury goods authentication and bandwidth sharing, and praised Hong Kong’s progressive blockchain regulation as a model for innovation.
The President of the Solana Foundation, Ms Lily Liu, discussed how digital asset treasury (DATs) and ETFs (exchange-traded funds) are complementary tools for traditional investors, but stressed the need to filter them for long-term quality amid speculative cycles. She highlighted how the evolution of technologies such as stablecoins reflects a broader transformation in financial infrastructure, where decentralised platforms increasingly play a central role in profit generation and capital flow. On another panel, Co-Executive Director of the Ethereum Foundation Mr Tomasz Stańczak, emphasised stablecoins’ role in improving cross-border payments and driving institutional interest in tokenised assets.
During the main conference, a series of curated media tours highlighted Hong Kong’s role as a global financial and innovation hub. Key moments included exclusive sessions with Chinese Mainland tech giants. Tencent introduced its vision for cross-boundary payment services; WeBank focused on HQ-driven innovation; and Ant Digital Technologies underscored Hong Kong’s strategic advantages for global expansion and cutting-edge fintech solutions. Other tours showcased Hong Kong as a “super connector” for emerging markets with delegations led by the Dubai International Financial Centre and the National Innovation Agency of Thailand. Another tour positioned Hong Kong as a launch pad for Chinese Mainland firms to go global, featuring the Shenzhen Financial Techology Association and the Zhongguancun Financial Technology Industry Development Alliance.
Marking the conclusion of the HKFW x SMUF 2025, Ms Lau, said, “The unprecedented success of the HKFW x SMUF 2025 speaks volumes about the vibrancy, depth and resilience of our financial innovation and start-up ecosystem. We are grateful to all our partners, speakers and participants from around the world who came together to make this our largest and most impactful edition yet. As we look to the next decade, InvestHK remains steadfast in our commitment to connect global companies with Hong Kong’s dynamic ecosystem, empowering them to scale across Asia and beyond, driving innovation, commercialisation, and creating more cross-border collaboration opportunities.”
For more details and highlights from HKFW x SMUF 2025, please visit www.fintechweek.hk, or follow via the official social media accounts:
LinkedIn: Hong Kong FinTech Week; and
YouTube: www.youtube.com/c/HongKongFinTechWeek.Hashtag: #HKFW #SMUF
The issuer is solely responsible for the content of this announcement.
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New Battery-Operated Bluetooth® Controller Enables Truly Mobile, Plug-and-Play Access
Powerful Performance from Just Four AA Batteries
Powered by only four AA batteries, the controller delivers over two years of operation when driving a 12VDC latch, dramatically reducing maintenance compared to typical battery-powered systems. Its high-efficiency internal buck/boost technology ensures optimal power delivery while using fewer batteries than conventional approaches.
Redundant Power for Critical Access
When batteries eventually require replacement, Southco has designed built-in redundancy to avoid downtime. A power override port—compatible today with a 9V battery and adaptable for future power inputs—provides temporary power so users can unlock the enclosure, replace batteries, and restore full operation quickly.
Smart Monitoring Through the Keypanion® App
Battery health is continuously monitored through Southco’s Keypanion® App, which alerts users well before battery replacement is needed, reducing the likelihood of emergency access situations.
For Original Equipment Manufacturers building their own mobile apps, Southco also offers a Software Development Kit (SDK), enabling seamless integration between the controller and customers’ existing digital ecosystems.
Designed for Real-World Enclosures
A removable battery pod allows fast, frustration-free battery changes—especially valuable in tight, hard-to-reach installations. Users can slide out the cartridge, load all batteries at once, and reinsert it without navigating cramped enclosure spaces.
The controller also features true plug-and-play installation. Simply insert the four AA batteries, plug in the latch, and the system is ready to operate—no wire splicing, no external power, and no additional electronics required.
Mobile Access Without Security Infrastructure
With the Keypanion® App, users can activate, manage, and share access directly from a mobile device. There is no server setup, no IT overhead, and no wiring required. Permissions can be granted or revoked instantly, replacing physical keys with secure digital control.
New Possibilities for Remote and Unpowered Applications
This combination of self-contained power, Bluetooth® connectivity, and mobile access expands what designers can do in environments once considered too challenging for electronic access. Ideal applications include:
- Remote and public installations without external power
- Retrofit upgrades for existing unpowered enclosures
- Critical infrastructure such as fiber optic boxes requiring secure, monitored access
By eliminating the need for solar panels, power drops, or complex security systems, Southco’s Battery-Operated Bluetooth® Controller reduces material costs and gives OEMs far greater design freedom.
A Flexible, Future-Ready Solution
Beyond immediate use cases, the power override port helps engineers address mechanical override considerations by providing a reliable method to restore power and gain entry when traditional power sources fail—a major benefit noted by early customer feedback.
The Battery-Operated Single Output Bluetooth® Controller provides a strong foundation for the next generation of remote access solutions, delivering convenience, efficiency, and security in one streamlined device.
For more information, please visit www.southco.com or email Southco’s 24/7 customer service team at in**@*****co.com.
Hashtag: #Southco
The issuer is solely responsible for the content of this announcement.
About Southco
Southco, Inc. is the leading global designer and manufacturer of engineered access solutions. From quality and performance to aesthetics and ergonomics, we understand that first impressions are lasting impressions in product design. For over 80 years, Southco has helped the world’s most recognized brands create value for their customers with innovative access solutions designed to enhance the touch points of their products in transportation and industrial applications, medical equipment, data centers and more. With unrivalled engineering resources, innovative products and a dedicated global team, Southco delivers the broadest portfolio of premium access solutions available to equipment designers throughout the world.
Southco Asia Limited
2401, Tower 2, Ever Gain Plaza
88 Container Port Road, Kwai Chung
Hong Kong
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OTIC Hearing Unveils New Audiological Milestones In Hong Kong: Launching The Award-Winning Oticon Zeal And The Pediatric Oticon Play SI Platforms
Developed to mimic natural brain sound processing, these platforms represent a major leap forward in treating hearing loss across all ages. Together, the Oticon Zeal and Oticon Play SI lines bring the next evolution of BrainHearing™ technology to Hong Kong. Headlining this release is the custom-molded Oticon Zeal, which recently won the 2026 Red Dot Design Award—one of the world’s most prestigious international seals of design quality and innovation. By introducing these dual systems, OTIC Hearing effortlessly bridges the gap between invisible aesthetics for image-conscious adults and robust learning support for developing children.
Oticon Zeal: Setting a New Standard for Invisible Hearing Technology
For many adults experiencing mild-to-moderate hearing impairment, the social stigma of traditional behind-the-ear devices remains a major deterrent to seeking intervention. Oticon Zeal rewrites this narrative with its NXT In-the-Ear (ITE) style.
Individually sculpted to fit deeply within the user’s ear canal, Oticon Zeal achieves absolute invisibility when viewed from a frontal profile, presenting an ultra-compact faceplate only when observed directly from the side. This is achieved via advanced 3D modeling and laser-sculpting technology, which integrates complex components into an exceptionally small shell without compromising on features.
Overcoming a historic limitation of invisible hearing aids, the frequent changing of tiny disposable batteries; Oticon Zeal introduces an integrated lithium-ion rechargeable power cell. The system delivers up to 20 hours of continuous battery life on a single charge. Every device pairs with a desktop SmartCharger that functions as a mobile power bank. For urgent situations, a fast-charging protocol provides four hours of operational power from a brief 15-minute charge.
Deep Neural Network 2.0 Processing
At the core of Oticon Zeal’s processing is an on-chip, second-generation AI engine. Driven by an updated Deep Neural Network (DNN) 2.0 and a SuddenSound Stabilizer, the processor scans and balances the surrounding soundscape hundreds of times per second.
Standard digital hearing systems often rely on narrow, directional microphones that isolate a single speaker while dampening peripheral noise. This artificial restriction deprives the brain of essential contextual audio, creating cognitive strain and mental fatigue.
In contrast, Oticon Zeal’s AI preserves a natural, 360-degree open soundscape. By suppressing sudden background noises by up to 12 decibels while actively enhancing speech clarity by up to 6 decibels, the platform allows the brain to naturally choose which sound source to focus on, even within high-volume environments like corporate meetings or crowded restaurants.
Oticon Play SI: Purpose-Built Pediatric Care for Growing Minds
Alongside the adult-focused Oticon Zeal, OTIC Hearing is introducing Oticon Play SI to deliver specialized auditory care tailored directly to the unique developmental requirements of growing children. The Oticon Play SI family is optimized to deliver a rich, high-fidelity sound stream essential for language acquisition, academic success, and social confidence.
Children live dynamic lives, moving rapidly from quiet homes to noisy classrooms and playgrounds. Oticon Play SI addresses this volatility by becoming the industry’s first pediatric family to combine a second-generation AI processing core with integrated 4D user-intent sensors.
These sensors track physical head movements, body activity levels, and localized acoustic shifts. The system automatically adjusts its processing parameters in real time, ensuring the child remains clearly connected to teacher instructions, parental guidance, and peer interactions.
To withstand childhood adventures, Oticon Play SI features an IP68-certified robust housing, offering maximum protection against dust, moisture, and debris. This fully sealed architecture safeguards delicate internal circuitry from sweat, rain, and accidental spills. Available in versatile miniRITE R and miniBTE R styles, the lineup offers a broad array of 12 expressive color choices, seven colored ear-hook options, and custom decorative stickers, empowering children to wear their devices with personal pride.
Advanced Digital Connectivity
To seamlessly interface with today’s digital environment, both Oticon Zeal and Oticon Play SI feature state-of-the-art streaming protocols. Utilizing advanced Bluetooth® LE Audio technology, both product families deliver low-energy direct audio streaming from smartphones, tablets, laptops, and smart televisions, keeping users connected without draining device batteries.
Hashtag: #OTIC
The issuer is solely responsible for the content of this announcement.
About OTIC Hearing
Established in 2005, OTIC Hearing (Otic Hearing & Speech Centre) is one of the largest, most trusted hearing care clinical groups in Hong Kong. Guided by a corporate philosophy of “People First”, OTIC Hearing manages a comprehensive network of eight specialized service centers strategically distributed across Hong Kong Island, Kowloon, and the New Territories. Clinics are located in Central, Causeway Bay, Jordan, Tsim Sha Tsui, Kwun Tong, Shatin, Tsuen Wan, and Yuen Long.
As the exclusive distributor of Oticon A/S in Hong Kong, OTIC Hearing pairs world-leading technology with an elite team of clinical audiologists and technical hearing specialists. Every facility is fully outfitted with advanced diagnostic and testing instrumentation, allowing the clinical team to deliver precise hearing assessments, custom-fitting protocols, and specialized pediatric auditory rehabilitation. OTIC Hearing maintains a strict commitment to ongoing professional training, ensuring that every client receives a supportive, accurate rehabilitation journey designed to restore lifestyle confidence.
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Pacific Century Premium Developments Limited announces interim results for six months ended June 30, 2026
2026 Interim Results – Financial Highlights
(Figures for the corresponding period in 2025 are shown in brackets)
- Consolidated revenue: HK$593 million (HK$ 636 million)
- Consolidated net loss attributable to equity holders of the Company: HK$189 million (HK$ 249 million)
- Basic loss per share: 9.28 HK cents (12.23 HK cents)
- No interim dividend (No interim dividend)
Pacific Century Premium Developments Limited (“PCPD”, SEHK: 00432) announced its interim results for the six months ended June 30, 2026.
The consolidated revenue of PCPD and its subsidiaries (together, the “Group”) amounted to HK$ 593 million, compared to HK$ 636 million for the corresponding period of 2025.
The Group’s consolidated loss attributable to equity holders of the Company for the first six months of 2026 totalled HK$ 189 million, compared to a net loss of HK$249 million for the corresponding period last year. Basic loss per share for the six months ended June 30, 2026 was 9.28 Hong Kong cents, compared to a loss per share of 12.23 Hong Kong cents for the corresponding period of 2025.
The Board of Directors did not declare an interim dividend for the first half of 2026.
For the first half of 2026, the Group delivered encouraging results as we built on our core strengths and benefited from resilient demand across the markets in which we operate. During the period, we also took steps to enhance our portfolio, including the disposals of two investment assets. These initiatives are expected to strengthen the Group’s financial position and reinforce its long-term growth.
Our operations in Japan performed well despite some moderation in tourism demand, shaped by changes in the composition of international visitors and fluctuations in travel demand. Park Hyatt Niseko, Hanazono, our hospitality business in Niseko, Hokkaido, delivered a stable performance with healthy occupancy and room rates, while our ski operations remained a key contributor to the Group’s results. Earnings from our recreational facilities, ski lifts, equipment rentals, “Hanazono EDGE” (a restaurant and entertainment centre) and Niseko International Snowsports Schoolcontinued togrow year-on-year. We will stay focused on establishing Niseko Hanazono Resort as a world-class, all-season luxury destination and remain optimistic about its long-term development.
On March 16, 2026, the Group announced the sale of its entire interest in Pacific Century Place, Jakarta (“PCP Jakarta”) in Indonesia. The transaction, at a total consideration of US$400 million, was completed on June 8, 2026. Notwithstanding the disposal, the Group will continue to provide property management services in respect of PCP Jakarta.
On February 13, 2026, the Group announced the sale of its entire interest in Midtown Niseko. The transaction, at a total consideration of US$80 million, was completed on May 31, 2026.
The Group formed a strategic alliance with Hotel Properties Limited in Singapore to bring a Four Seasons Resort and Branded Residences to Aquella, a large-scale integrated resort development in Phang Nga. The move represents a significant milestone in PCPD‘s long-term vision of transforming Aquella into an integrated resort destination that effortlessly blends luxury living, recreation and exceptional service.
Central Residence by the Park in Hong Kong was launched for sale in January 2026. As at the end of June, 90.9% of the total available units of the luxury residential project had already been sold. The project will be completed in the latter half of 2026.
Mr. Benjamin Lam, PCPD’s Deputy Chairman and Group Managing Director, said: “The first half of 2026 presented a challenging global environment, characterised by geopolitical tensions including the conflict in the Middle East, inflation, trade uncertainties and concerns over monetary policies. Despite the headwinds, global growth was relatively resilient, while international tourism in many parts of Asia continued to perform steadily. The Group’s core markets in Asia generally remained solid during the period. Tourism demand continued to support Japan and Thailand despite a slightly more measured pace of growth. Improving sentiment in Hong Kong’s property market also provided a more favourable backdrop for our luxury residential development.
In the second half of the year, we will continue to enhance the value of our existing assets while positioning the Group to capitalise on opportunities that support our long-term strategy and create value for our stakeholders.”
Hashtag: #PacificCenturyPremiumDevelopments
The issuer is solely responsible for the content of this announcement.
About PCPD
Pacific Century Premium Developments Limited (“PCPD” or the “Group”, SEHK: 00432) is principally engaged in the development and management of premium-grade property and infrastructure projects as well as premium-grade property investments. PCCW Limited (“PCCW”, SEHK: 00008) is the single largest shareholder of the Group.
