The HKMA co-hosted FiNETech8 - “Navigating Quantum Quality” with the Cyberport Hong Kong, FinTech Association of Hong Kong, and HKUST Business School today, bringing together over 300 professionals from across Hong Kong’s financial sector and technology community to explore the opportunities and challenges introduced by quantum technologies.
Carmen Chu, Executive Director (Banking Supervision) of the HKMA, announced in her opening remarks the publication of the HKMA’s whitepaper on Quantum Computing and Post-Quantum Cryptography (PQC), introducing the Quantum Preparedness Index (QPI), a quantitative measure of banks’ readiness for the PQC transition. The initial QPI score is 2.3 on a 10-point scale, reflecting the sector is at an early stage of preparedness, and currently focused on laying the foundation for the quantum era. She highlighted great potential to start early together to raise the QPI to full mark by 2030.
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The event featured a keynote by Professor Frederik Anseel of HKUST Business School, a fireside chat with Nitish Koladoo from the HKMA and Dr. Daniel Ebler from the FinTech Association of Hong Kong, a presentation on the potential implications of quantum computing by Alvin Li from the HKMA, and an industry exhibition on practical pathways towards quantum-safe banking.
Following the exhibition, industry experts in two panel discussions outlined strategies for transitioning quantum computing use cases from theory to practice and explored practical steps to mitigate PQC risks.
The event concluded with a speech by Ir Eric Chan from Cyberport Hong Kong.
