Date: 20 February 2021 (Saturday)
Time: 10.00am to 11.00am
Venue: Zoom (Details will be emailed to you nearer the date)
While the United States is still leading in research and technology, China is catching up with the application of new technology, in particular, Information Technology (IT), given its huge user base, and a large pool of talented software engineers. In its effort to develop its digital economy, China is moving towards digitalising all relevant trade and economy information, including its currency. Wechatpay and Alipay are the two electronic wallets facilitating cashless economy in China.
The talk first takes stock of the past 55 years' technological developments and breakthroughs. The speaker will briefly introduce five key components that are the foundation of FinTech, namely, artificial intelligence (AI), big data, cloud computing, distributed ledger, and machine and deep learning. He will then share his insights on the policies in the past 15 years that led to the current development in China. Drawing on his bilingual advantages, the speaker will dwell on interesting English and Chinese FinTech terms that could shed light on the differences between Chinese and Western thinking arising from socio-cultural and geopolitical differences.
(This talk will be conducted in Mandarin)
Mr Tan Yong-Wah (陈永华)
Mr Tan Yong-Wah is the head of IT/Chief Information Officer (CIO) with the Hong Kong Monetary Authority (HKMA), the de facto central bank in Hong Kong. Having been with the HKMA for more than 25 years, Yong-Wah joined HKMA in 1995 as the technical advisor for the implementation of the Real Time Gross Settlement (RTGS) system, and later was appointed as the head of IT/CIO in 1999.
Yong-Wah started his career in Singapore, having worked in the DBS bank, Banking Computer Services (BCS) and BCS Information Systems (BCSIS), before moving to Hong Kong. Effectively bilingual, both written and spoken, Yong-Wah was appointed as a member of the International Advisory Panel on payment system of the People’s Bank of China (PBoC), the central bank of Mainland China. At the same time, Yong-Wah was also a special advisor to the China Banking Regulatory Commission (CBRC) on IT matters, holding a title of visiting director-general in the CBRC.
Yong-Wah holds a B.Sc. degree in Mathematics (1982) and an Executive MBA (2000) qualifications, both from the National University of Singapore.