HONG KONG, Dec. 16, 2024 /PRNewswire/ -- As the fintech sector embraces the digital age, innovative applications are set to revolutionize the wealth management industry, creating significant opportunities for its future. To capitalize on these digital trends and pioneer new business models, Finloop Finance Technology Holdings Limited ("Finloop"), a leading digital intelligent wealth management platform incubated by Fosun Wealth Holdings, hosted the "Finloop 2025: Fintech Empowering Wealth Management" Hong Kong Annual Wealth Management Summit on December 12, 2024. This high-profile forum brought together authoritative experts from government, business, and fintech sectors to explore industry development patterns and digital technology applications. By pooling collective wisdom and cutting-edge achievements, the forum aimed to enhance the service capacity of the wealth management sector and chart a forward-looking roadmap for its evolution.
The summit commenced with an opening address by Mr. Wang Qunbin, Co-Chairman of Fosun International. Drawing from a macroeconomic perspective on the evolving global economic landscape, Mr. Wang explored the digital transformation of Hong Kong's wealth management industry. He emphasized that technological innovation is the core driver of high-quality development in the financial sector. Mr. Wang highlighted Fosun's active investments in Hong Kong across various sectors, including finance, healthcare, and technology, reaffirming the company's commitment to diversifying its business portfolio to contribute to Hong Kong's economic growth. Through the innovative platform of Finloop, Fosun aims to enhance the digitalization and intelligence of Hong Kong's wealth management industry, driving its continuous advancement.
Forward-Thinking Perspectives Unveiling Industry Potential
The forum brought together distinguished speakers to deliver keynote addresses, sharing forward-thinking insights. As one of Hong Kong's key technology flagships, Cyberport plays a pivotal role in driving the development of fintech and financial innovation in the region. Its applied practices are critical to enhancing Hong Kong's industrial competitiveness. Mr. Eric Sze-yuen Chan, Chief Public Mission Officer of the Hong Kong Cyberport Management Company Limited, emphasized that Cyberport is focusing on Hong Kong's current financial environment, deeply integrating financial applications, and leveraging artificial intelligence technologies to advance fintech collaboration projects.
The development of Web 3.0 and AI technologies brings both opportunities and challenges, as analyzed in depth by Professor Yang Wang, Vice-President of the Hong Kong University of Science and Technology. "AI has made content creation unprecedentedly accessible, lowering the barriers to entry for everyone to become a content creator in the Web 3.0 era," said Professor Wang. He further highlighted that Hong Kong has already taken strategic steps in advancing Web 3.0, particularly in fostering the development of RWA (real-world assets). According to Professor Wang, the future of Web 3.0 lies not only in financial product innovation but also in its seamless integration with real-world assets.
As a leading international financial center in Asia, Hong Kong has achieved significant breakthroughs in fintech applications, diversified ecosystem development, and asset management. Highlighting Hong Kong's current advancements in fintech and wealth management, Mr. CHAN Ho Lim, Joseph, Under Secretary for Financial Services & the Treasury of the HKSAR, shared insights into the city's achievements and future directions in fintech and virtual assets. He remarked, "The HKSAR Government will continue to promote the development of fintech and the wealth management industry, leveraging financial services to support the prosperity of the national real economy." Through his reflections and forward-looking perspectives, Mr. Chan provided profound insights into the future trajectory of Hong Kong's financial practices.
In the current financial landscape, policy support has become increasingly evident in driving Hong Kong's financial development. With the deepening implementation of the Cross-boundary Wealth Management Connect Scheme 2.0 in the Greater Bay Area, the enhanced mobility and openness of the financial environment have significantly boosted the growth of the wealth management industry. Mr. Gan Tian, CEO of ChinaAMC (HK), noted that Cross-boundary Wealth Management Connect 2.0 has already delivered substantial growth to Hong Kong's financial sector. He further emphasized that, bolstered by the supportive policies of the HKSAR Government, Hong Kong has made tangible progress in establishing itself as a technology hub and a green finance center. This not only addresses the rising global demand for risk allocation but also positions Hong Kong as an ideal choice for asset allocation, leveraging its unique market advantages.
Practice as Inspiration: Exploring the Digitalization of Wealth Management
The summit featured two thematic forums, where industry leaders engaged in in-depth discussions on the digital applications in wealth management. The first forum, themed "Digital and Intelligent Transformation Empowering the Future of Global Asset Allocation," brought together prominent figures, including Mr. Luo Siqun, Executive President of Hundsun Ayers Technologies Limited; Mr. Li Zhiguo, Chairman and CEO of Wacai; Mr. Zhong Jingcheng, Deputy CEO of SPDB International; Mr. Diao Zhihai, Head of International Wealth Management at CICC; and Mr. Su Yang, Head of Strategic Client Services at CGS International Holdings Limited. The panel discussion was moderated by Mr. Zhao Yang, Deputy CEO of Finloop. Discussions focused on the implementation of the Cross-boundary Wealth Management Connect Scheme 2.0 and the opportunities and challenges posed by digital intelligence technologies in the financial sector. Panelists shared their insights, drawing on their collaborative practices with Finloop to examine how fintech drives the progress of Cross-boundary Wealth Management Connect Scheme 2.0. They highlighted how the policy is reshaping Hong Kong's financial market and laying the foundation for the future of the wealth management industry. Against the backdrop of the current global political and economic landscape, digital intelligence technologies are set to penetrate deeper into the financial sector, helping meet clients' diverse needs. Participants explored the direction and optimization pathways for global asset allocation in the digital age. They emphasized that Finloop, leveraging its one-stop and all-category solutions, is well-positioned to adapt to market dynamics. Looking ahead, the wealth management industry will continue to be empowered by technology, integrating AI to enhance digital intelligence capabilities for global asset allocation. This innovative approach is expected to unlock new opportunities in global markets, crafting a new chapter for Hong Kong's wealth management landscape.
The second forum, "New Opportunities for Wealth Management in the Era of RWA," was moderated by Mr. Tong, Cheuk Fu Jeffery, CPO of Finloop. Panelists included Ms. Katie He, Head of Product and Strategy at China Asset Management (H.K.) Company Limited; Mr. CG Zhou, CEO of CPIC Asset Management (Hong Kong); Mr. Joe Zhou, CEO of BEOSIN; Mr. Eugene Cheung, Chief Institutional Business Officer of OSL; and Mr. Lennix Lai, Global Chief Commercial Officer of OKX. Discussions centered on the current applications and future potential of RWA technologies in the financial sector, exploring how foundational infrastructure and support services in the RWA era can drive the development of the wealth management industry. The panel delved into key topics such as compliance challenges, cross-institutional collaboration, and risk management. Drawing on regulatory insights and business practices, the panelists shared their perspectives on how financial institutions are innovating and transforming in the context of RWA and Web 3.0 technologies. They emphasized strategies for collaborative success and proposed innovative solutions to drive the construction of a new financial ecosystem for Hong Kong's wealth management sector.
Innovative Applications: Finloop Unveils the Groundbreaking "FinOne" System
With a global vision and a commitment to practical innovation, the implementation of the Cross-boundary Wealth Management Connect Scheme 2.0 offers vast opportunities for the investment environment in the Guangdong-Hong Kong-Macao Greater Bay Area. To address market changes and enhance the application of digital advancements in the wealth management industry, Mr. Cai Hua, CEO of Finloop, announced at the summit the launch of the next-generation "FinOne" system. Developed independently by Finloop, "FinOne" is a core middle-office system for wealth management. This new iteration represents an upgrade from the 1.0 product shelf model to the 2.0 wealth platform model, combining industry-leading creativity and insight to deliver a comprehensive, collaborative, and client-focused application system. It provides financial institutions with professional, one-stop solutions across multiple dimensions:
Cross-Boundary Wealth Management Services: Addressing the opportunities presented by the Cross-boundary Wealth Management Connect Scheme 2.0, "FinOne" introduces four targeted service modules, including automated trading for all fund categories, bond pricing and trading middle-office systems, automatic market data transmission, and KYP services for financial products. These modules offer professional services such as trading, information delivery, interface solutions, and management support. Under the policy framework, "FinOne" facilitates mutual growth in financial practices and industry development.
Digital Transformation of Wealth Management: In response to digitalization trends, "FinOne" establishes a one-stop customized solution platform. It connects investors through an all-category product shelf on mobile apps, enables comprehensive investment management, and builds a transparent and efficient wealth middle-office system as a business hub. By optimizing transaction services, "FinOne" provides robust support to help the wealth management industry tackle digital transformation challenges and seize new opportunities in the digital age.
Artificial Intelligence Integration: "FinOne" seamlessly integrates artificial intelligence with fintech, featuring three intelligent operational systems: KYP, robo-advisors, and smart assistants. These tools significantly enhance operational efficiency, improve user experience, and lower barriers to adoption, driving the wealth management industry into a new era of intelligent solutions.
Digital Asset Business: Focusing on digital asset portfolio models, "FinOne" provides licensed institutions with physical subscription services and stablecoin exchange solutions. Tailored for the RWA market environment, it builds foundational system applications for clients, streamlines transaction processes, and elevates customer service, marking a new milestone in the digitalization of wealth management practices.
Looking ahead, "FinOne" will continue to place customers at its core, serving as a professional one-stop front and middle-office solution for the wealth management industry. Through advanced technology and premium services, it aims to forge deeper collaborations with clients, expand access to broader markets, and support financial institutions in shaping a new digital future.
The "Finloop 2025: Fintech Empowering Wealth Management" Hong Kong Annual Wealth Management Summit brought together experts from diverse fields, delivering fresh perspectives and cutting-edge solutions to the wealth management industry. The event stands as a significant milestone in the ongoing transformation of the fintech landscape. Looking ahead, fintech is poised to continue empowering the wealth management industry, expanding its boundaries and driving innovation amid the digitalization wave. Finloop remains committed to its role as an industry pioneer, consistently enhancing its research and development capabilities and service quality. By doing so, it aims to support financial institutions in seizing opportunities and steering toward a prosperous future.
About Finloop Finance Technology Holdings Limited
Finloop Finance Technology Holdings Limited （"Finloop"）is a leading digital wealth management platform headquartered in Hong Kong. It provides comprehensive wealth management products and technology solutions for various financial institutions, covering commercial banks, securities companies, cross-border e-commerce, family offices, wealth management companies, insurance brokerage companies, fund companies, etc. Through its proprietary technology platform, Finloop provides a full range of wealth management products including cash management, public funds, private funds, structured products, bonds, insurance and virtual assets.
Finloop holds a leading position in the financial technology sector in Asia. It has industry-leading research and development capabilities and solution implementation capabilities. It is currently the only financial technology service provider that can provide a one-stop wealth management platform and solutions. Finloop is committed to becoming customers' most trusted wealth management partner and helping promote innovation and development of the wealth management industry.