Invest Hong Kong (InvestHK) and the Crypto Valley Association (CVA) have signed a memorandum of understanding to promote collaboration between Hong Kong and Switzerland’s fintech ecosystems, particularly on blockchain and cryptographic technologies.

The MoU was signed at the 2024 Crypto Valley Conference in Zug, Switzerland on June 6. Representing their respective organizations at the signing ceremony were King Leung, global head of financial services and fintech at InvestHK; CVA board member Ilya Volkov; and CVA executive director Nikoletta Csanyi.

The cooperation will focus on providing regular updates based on the latest market information to help companies in Hong Kong and Switzerland better understand fintech trends and developments.

The two organizations will also encourage interested companies, start-ups, and investors to develop their businesses within highlighted areas by providing relevant information and facilitating network building.

They will also support and facilitate incoming business missions and investment promotion events that foster bilateral investment between the two economies.

“This MoU not only represents a new milestone in the collaboration between the fintech ecosystems of Hong Kong and Switzerland, but it also underscores the city's appeal as a premier destination for fintech and Web3 innovation. We look forward to facilitating the active development and integration of companies' technologies into the city's international financial services system,” says Alpha Lau, director-general of investment promotion at InvestHK.

CVA’s Csanyi adds: “This memorandum of understanding signifies our commitment to fostering collaboration, driving technological advancements, and creating opportunities for growth and innovation between our ecosystems. Together, we have the opportunity to shape the future of finance and propel Hong Kong and Switzerland to the forefront of fintech excellence.”