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Good morning, ladies and gentlemen. First of all, I would like to thank Bloomberg for inviting me to this buy-side forum and it is a pleasure to meet you all here.
I note from the agenda that much of the discussion at today’s event will focus on technology and innovation. With technology advancing exponentially and boundaries being pushed every day, it is clear that there is tremendous potential for the asset management industry to integrate technology to enhance efficiency and transparency, save costs and even expand their business.
As you know, artificial intelligence (AI) has been all the rage this year, and the demand for hardware to power this technology is massive. I learnt that, to pack more and more computing power into limited space, chip technology has gone from 90 nanometres to just three nanometres in two decades. To put this into context, a sheet of paper is as thick as 100,000 nanometres. Not only does this showcase the pace of technological advancement, perhaps more importantly, it shows how changes in a tiny “chip” could bring a leap forward to the world.
So today, I will talk about how the Securities and Futures Commission (SFC), as Hong Kong’s securities regulator, supports innovation and the many potential "tiny changes” in the buy-side that may bring a leap forward in market development.
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