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Join us as we
redefine Hong Kong

RHK will facilitate communication and cooperative action among senior executives to pursue like-minded objectives for improving the innovation landscape in Hong Kong. Taking place over the course of four meetings in 2019/20, attendees will hear from experts and opinion-leaders, and have their say through roundtable discussions. With your participation, RHK will unleash Hong Kong's innovative potential, and push for quicker, more meaningful progress in the city.

With the support from EY, the series' founding sponsor, Redefining Hong Kong has brought awareness to challenges facing the city's economy and industries. Like South China Morning Post, EY is committed to doing its part in building a better working world and creating strong positive outcomes. To learn more about EY and its initiatives,
click here>

The Redefining Hong Kong Series

Sep 5 2019:

Can startups make it in Hong Kong?

Nov 27 2019:

Asia’s fintech hub - HK's future as the region's financial centre

OCt 24 2019:

The future of payment methods in Hong Kong

Jan 2020:

Will a jab of technology advance Hong Kong public health care sector?

The future of payment methods in Hong Kong

Oct 24, 2019

Hong Kong was one of the first places in the world to introduce a cashless payment system when the Octopus card was launched in 1997. Over the past 20 years, little has changed in the city’s digital payments ecosystem. What was then an incredible example of digital innovation, today has become outdated. 

Countries around the world, meanwhile, are speeding ahead in the drive towards cashless economies. Shifting consumer habits of millennials and widespread adoption of smartphones and digital devices have created an extraordinary demand for digital payment systems and platforms. Sweden is one of the frontrunners being the first country in the world to go cashless by 2023. In Asia, Malaysia is fostering a competitive payment card industry; Singapore is reducing cash withdrawals at ATMs by 2025 and China is fast-tracking its cashless economy with QR codes and is set to overtake the USA by 2021. 

Why did Hong Kong stall after the introduction of the Octopus card in 1997? What is the regulatory attitude towards digital payments, considering the potential cyber security risks? Why are key services and industries, such as taxis, still so reliant on cash? How can Hong Kong improve and learn from China? Can Hong Kong catch up with the cashless trend?

Discussion points will include: 
-    What more can policymakers do to help startups take flight?
-    Is HK's risk-averse attitude protecting businesses from competition or stifling their potential?
-    Do startups need to cross the border to Shenzhen or other GBA cities in order to succeed?
-    How can local startups access funding, talent and knowledge to become unicorns or go public?
daily workshops

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platinum sponsor

As a global leader in assurance, tax, transaction and advisory services, EY is committed to doing its part in building a better working world because it strongly believes this approach leads to strong positive outcomes, it can also develop talent in all its forms and encourage greater collaboration.  EY wants to build a better working world through its own actions and by engaging with like-minded organizations and individuals.

For more information about EY, please visit www.ey.com.

Organiser

South China Morning Post
is a leading global news company that has reported on China and Asia for more than a century. Founded in 1903, SCMP is headquartered in Hong Kong, where it is the city’s newspaper of record, with a growing correspondent staff across Asia and the United States. SCMP's vision is to “Elevate Thought” and our mission is to “Lead the global conversation about China”. Additionally, SCMP publishes a portfolio of premium lifestyle and fashion titles in Hong Kong including Cosmopolitan,ELLE, Esquire and, Harper’s BAZAAR. SCMP is also home to Abacus, a digital news brand focused on China's tech industry; Inkstone, a daily news brief for those curious about China's growing impact around the world; and Goldthread, a content platform with a focus on food, travel and culture in China.