MOU to drive smart city development in Hong Kong

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MOU on smart city
(Back row, from left) Dr David Chung and Mr Lester Huang.
(Front row, from left) Mr Wilson Yuen, President Way Kuo, Mr Joe Wan, Mr Kenny Koo and Miss Cally Chan.

 

A strategic partnership formed between City University of Hong Kong (CityU) and leading business expansion solutions, telecommunications and technology corporations will promote the development of Hong Kong as a smart city through digital solutions in the financial industry.

On 16 July, CityU, Tricor Hong Kong (Tricor), 3 Hong Kong, Microsoft Hong Kong (Microsoft) and TFI Digital Media Limited (TFI) signed a memorandum of understanding (MOU) to join hands to explore innovative and capable solutions to enhance investor relations, and give a strong boost to innovation-led growth of Hong Kong’s financial sector.

Under the witness of the Guests of Honour Dr David Chung Wai-keung, Under Secretary for Innovation and Technology of the HKSAR Government and Mr Lester Garson Huang, Chairman of the CityU Council, the MOU was signed by Professor Way Kuo, President of CityU; Mr Joe Wan, Chief Executive Officer of Tricor; Mr Kenny Koo, Executive Director and Chief Executive Officer of Hutchison Telecommunications Hong Kong Holdings Limited; Miss Cally Chan, General Manager of Microsoft Hong Kong and Macau; and Mr Wilson Yuen, Founder and Chief Executive Officer of TFI. 

MOU on smart city
President Kuo says smart city is one of the five major areas of translational research in the University’s latest strategic plan.

 

Speaking at the ceremony, President Kuo said CityU’s academic programmes and scientific research are expediting the development of Hong Kong as a smart city. 

“Smart city is one of the five major areas of translational research in the University’s recently published five-year strategic plan, which aims to contribute to finding solutions to real-world problems and critical global challenges," he said. "We established the School of Data Science, which works closely with our College of Business to advance smart city initiatives that will facilitate the evolution of Hong Kong’s financial sector and fintech development.”

“Tricor is excited to join forces with other technology experts in driving the evolution of Hong Kong’s financial sector through exploring smarter and more affordable digitalised solutions," said Mr Wan. "This partnership is a landmark in revolutionising the traditional model, while remaining fully in sync with the government’s vision of creating a smart city and a new era of investor relations.”

“As a leading 5G operator flourishing into a digital operator, we are delighted to be a strong technology member of this strategic partnership,” said Mr Koo. “The deployment of 5G applications will also help accelerate Hong Kong’s development as a world-class smart city.”

“Hong Kong is a leading financial centre, and it is more important than ever to ensure our financial sector embarks on the digital transformation journey to sustain our leadership position as a global financial hub,” said Miss Chan.

 “Leveraging this partnership with industry experts and research institutions, we wish to drive fintech adoption and take ourselves one step closer towards the smart city blueprint,” said Mr Yuen.
 
Under the MOU, each party will leverage its knowledge and experience, and cooperate with the other parties to develop digitalised investor relations solutions to benefit the entire ecosystem of the financial sector of Hong Kong.

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