The Hong Kong Investment Corporation (HKIC) has partnered with fintech firm WeLab to boost AI adoption and strengthen Hong Kong’s role as a regional fintech hub.
At the launch, Financial Secretary Paul Chan called the partnership “a catalyst for progress,” noting its role in driving innovation, cross-sector collaboration, and talent development. He praised WeLab’s success in Indonesia and expansion into Thailand aligning with Hong Kong’s broader goals.
AI was a key focus, with Chan highlighting its power to make financial services faster, more affordable, and inclusive—especially by identifying creditworthiness in people often overlooked by traditional systems.
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Chan also shared the government’s five-part AI strategy: focusing on computing power, algorithms, data, capital, and talent, while continuing to support AI innovation and testing.
The partnership will also invest in youth development through academic partnerships and accelerator programs to prepare future leaders in fintech.
Hong Kong is home to around 1,100 fintech startups, with strong growth in digital assets, blockchain, and cybersecurity. It now ranks 4th globally in the Global Financial Centres Index for fintech.
About WeLab
WeLab operates across Hong Kong, Mainland China, and Indonesia, with over 65 million users and 700+ enterprise clients, offering digital banking and financial services through cutting-edge technology.
