The Hong Kong Institute for Financial and Monetary Analysis (HKIMR), the research arm of the Hong Kong Academy of Finance (AoF), has launched two new Utilized Analysis experiences titled “Decentralised Finance: Current Landscape and Regulatory Developments” and “The Metaverse: Opportunities and Challenges for the Financial Services Industry.”
Exploring DeFi and the Metaverse
These experiences delve into the cutting-edge applied sciences of decentralised finance (DeFi) and the metaverse, providing a complete analysis of their functions throughout the monetary companies sector. They supply an summary of the worldwide and Hong Kong-specific regulatory environments and summarize the findings from surveys and interviews with native market practitioners.
In response to the Hong Kong Financial Authority (HKMA), respondents indicated a eager curiosity in leveraging DeFi and metaverse functions, with many exploring alternatives throughout the digital asset ecosystem. The experiences purpose to facilitate the wholesome growth and utility of those applied sciences in Hong Kong’s monetary companies trade.
Key Insights and Future Prospects
Enoch Fung, Chief Government Officer of the AoF and Government Director of the HKIMR, emphasised the potential of DeFi and the metaverse to current varied alternatives for Hong Kong’s monetary companies trade. “These emerging technologies, closely connected to broader virtual asset and Web3 developments, will likely offer valuable insights to market participants and regulators, helping to inform future policy initiatives and market innovations for Hong Kong’s digital ecosystem,” Fung acknowledged.
For an in depth understanding, the experiences can be found on the AoF/HKIMR web sites: DeFi Report and Metaverse Report.
Concerning the Hong Kong Academy of Finance (AoF)
The AoF is a collaborative initiative involving the Hong Kong Financial Authority, the Securities and Futures Fee, the Insurance coverage Authority, and the Necessary Provident Fund Schemes Authority. It goals to be a middle of excellence for creating monetary management and a repository of data in financial and monetary research, together with utilized research.
Concerning the Hong Kong Institute for Financial and Monetary Analysis (HKIMR)
The HKIMR, because the research arm of the AoF, focuses on conducting research in financial coverage, banking, and finance which might be strategically essential to Hong Kong and the Asia area. Its Utilized Analysis research goal matters extremely related to the monetary trade and regulators in Hong Kong, offering insights into the long-term growth technique and course of Hong Kong’s monetary trade.
The Hong Kong Institute for Financial and Monetary Analysis (HKIMR) releases two new Utilized Analysis experiences on DeFi and the metaverse. Enoch Fung, CEO of the AoF and Government Director of the HKIMR (left), and Giorgio Valente, Head of the HKIMR (proper), host a press briefing to share key findings.
Picture supply: Shutterstock