Abu Dhabi World Market (ADGM) participated with different world leaders to search out methods to supercharge financial progress and a wise future on the Digital Financial system Summit 2023

Asia’s flagship innovation and know-how occasion, the Digital Financial system Summit (DES) 2023, came about on the Hong Kong Conference and Exhibition Centre (HKCEC) on April 13 to 14, 2023.

Collectively by the HKSAR Authorities and Cyberport, the two-day summit held in a hybrid format gathered the world’s influential leaders in know-how, enterprise, academia, and authorities, to discover the importance of technological improvements in boosting financial progress and accelerating the formation of resilient and futureproof digital societies.

UAE-China relations

Gabrielle Inzirillo, head of ecosystem improvement, on the monetary companies regulatory authority at ADGM gave a keynote speech on the summit highlighting sturdy relations between the UAE and China throughout tasks.

In her speech, she mentioned: “The UAE has change into the world’s testbed for rising applied sciences, and China has been on the forefront of innovation. With a particular deal with the event of good cities, the strong infrastructure of each nations would allow sturdy financial progress within the coming years.

“Expertise is a key enabler for progress throughout sectors right this moment, nevertheless it comes with some dangers corresponding to knowledge safety, safety and privateness, that’s why the clever management of the UAE has initiatives in place which might be targeted on upskilling staff, a path to construct a knowledge-based economic system,” continued Inzirillo.

Commenting on the good metropolis tasks, Inzirillo added: “Masdar is among the greatest examples of good metropolis tasks. Town has large-scale renewable vitality tasks, vertical gardens, carbon impartial and it’s a car-free metropolis.”

A brand new chapter begins

DES 2023 goals to encourage regional and world visions for a greater digital future. Greater than 100 worldwide audio system shared their insights over the 2 days in eight specialist boards anchored across the central theme ‘Rising with Resilience: Fostering a Smarter Future’.

John Lee, chief government of the HKSAR; Professor Solar Dong, secretary for innovation, know-how and trade of the HKSAR Authorities; Shumin Cao, deputy director of Our on-line world Administration of China and Dong Chen, deputy minister, The Liaison Workplace of the Central Folks’s Authorities within the HKSAR, officiated the opening ceremony.

“Our nation’s key methods of the Nationwide 14th 5-12 months Plan and the Guangdong-Hong Kong-Macao Better Bay Space improvement help Hong Kong’s improvement into a global innovation and know-how (I&T) centre,” mentioned Lee.

“We at the moment are poised to begin a brand new chapter of digital economic system improvement by way of our persistent pursuit of I&T development. To echo the theme of right this moment’s Summit, we should embrace the sweeping adjustments caused by the digital revolution, with the intention to emerge stronger than ever in a wiser future,” he continued.

“As the one metropolis on the planet the place the worldwide benefits and the China benefit converge, Hong Kong will proceed to be the perfect base for Mainland enterprises to develop their world attain and a launchpad for international corporations to achieve entry to the Mainland Chinese language market. It’s our prime precedence to make sure that enterprise and funding prospects in Hong Kong will proceed to flourish within the years to return.”

Innovation improvement

Including to this, Dong mentioned: “To realize high-quality financial improvement, digitalisation is an inevitable development. On this journey of transformation, I&T is among the key driving forces. The broader adoption of I&T may revitalise conventional industries, spawn new companies, foster a diversified economic system and create high quality employment alternatives in Hong Kong.

“This time period of Authorities has accorded excessive precedence to I&T improvement with selling digital economic system improvement and growing Hong Kong into a wise metropolis as one of many key instructions,” Dong continued. “We’ll proceed to roll out extra initiatives in spearheading the event of our digital economic system and good metropolis.”

Simon Chan, chairman of Cyberport, mentioned, “The pandemic has accelerated world digital adoption and unleashed a wave of transformation that may proceed to reshape folks’s lives, good metropolis improvement, and industries within the years forward. DES 2023 creates a platform for main thinkers and decision-makers from authorities, enterprise, and academia to return collectively and discover the thrilling prospects the long run could maintain.”

Applied sciences shaping the long run

On day one, DES 2023 provided attendees quite a few alternatives to check how digital improvements are defining the brand new post-pandemic regular and serving to to create extra sustainable societies and extra aggressive companies.

The Visionary Discussion board was a extremely anticipated spotlight of DES 2023, the place world trade consultants spoke in regards to the influence and potential of assorted applied sciences beneath the theme “Re-create Future Sustainable Societies”.

The viewers heard from leaders protecting an enormous vary of matters, together with digital authorities improvement, the supply of recent immersive viewing experiences enabled by cloud-based techniques at worldwide sports activities occasions, low-carbon improvement and good city transformation pushed by digital innovation, in addition to the most recent developments in autonomous driving know-how.

Within the afternoon classes, consultants and attendees took an in-depth take a look at the applying of know-how within the digital economic system. The Chambers Discussion board, supported by six main chambers of commerce, addressed how enterprises are integrating conventional and new economic system to drive enterprise transformation and keep forward of the curve, whereas the Sensible Metropolis Discussion board organised by Sensible Metropolis Consortium targeted on how Hong Kong and the Better Bay Space (GBA) are main the best way in growing and driving good metropolis developments.

The stage featured high-level representatives from tech giants corresponding to Microsoft, Panasonic, SenseTime, Tencent Cloud and Dmall, in addition to audio system from organisations in Finland, France, Singapore and the GBA. Concurrent with these occasions, Huawei’s Digital Authorities Symposium recognized and mentioned the important thing components of e-government and focus on how they’re being carried out within the Better Bay Space and abroad.

Expertise the good future

Along with specialist boards, an expertise zone has been set as much as showcase the most recent know-how options from Cyberport neighborhood start-ups, companions, and extra, giving attendees the chance to expertise know-how options first-hand.

Purposes revolve across the digital economic system, good metropolis, good mobility, and new industrialisation, that are aligned with the principle instructions of the Hong Kong I&T Improvement Blueprint. The showcased options span the important good dwelling domains of medical, meals, dwelling, mobility, and plenty of different facets. Collaborating corporations embody good retail resolution supplier Dmall and healthtech start-up Gense Applied sciences, which gives reasonably priced transportable medical imaging units, good cellular farm developer Farmacy, and plenty of extra.

Moreover, the second day of DES 2023 featured 4 specialist boards of considerable influence on the way forward for digital economic system, particularly FinTech Discussion board, Past Web3 Discussion board, Sensible Mobility Discussion board and New Industrialisation Discussion board.