Li Xiaojia: The Hong Kong Stock Exchange Has Never Wanted to Enter the Digital Currency Field

Abstract : "What we want to explore is the application of new technologies such as blockchain technology."

ChainDD
ChainDD

Jun 20

In an exclusive interview with Xinhua News Agency, Li Xiaojia, chief executive of the Hong Kong Stock Exchange, said, "the Hong Kong Stock Exchange has never wanted to enter the digital currency field. What we want to explore is the application of new technologies such as blockchain technology." 

Li Xiaojia introduced that the Hong Kong Stock Exchange is exploring the establishment of a large data market, and is working with partners to study the application of blockchain technology in the settlement process of the Shanghai-Shenzhen-Hong Kong Stock Connect. 

In terms of data assets, the Hong Kong Stock Exchange hopes to cooperate with mainland technology leaders to develop new business areas, share data analysis through commercial pricing mechanisms, and explore the commercialization model of big data.

ChainDD reported that Li Xiaojia once said at the interim results conference of the Hong Kong Stock Exchange in August 2019 that the Hong Kong Stock Exchange would flexibly use new technologies in three years, including artificial intelligence, blockchain, cloud computing infrastructure and data analysis. Also, it would optimize operating procedures, mobilize all links in the value chain to improve cost efficiency, and explore new journeys. 

In February this year, Li Xiaojia said that the Hong Kong Stock Exchange planned to introduce blockchain technology into the northbound transaction settlement system, which was still in the testing stage.

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