Abu Dhabi International Market place (ADGM) participated with other international leaders to discover methods to supercharge financial development and a wise future at the Digital Economy Summit 2023

Asia’s flagship innovation and technologies occasion, the Digital Economy Summit (DES) 2023, took spot at the Hong Kong Convention and Exhibition Centre (HKCEC) on April 13 to 14, 2023.

Jointly by the HKSAR Government and Cyberport, the two-day summit held in a hybrid format gathered the world’s influential leaders in technologies, small business, academia, and government, to discover the significance of technological innovations in boosting financial development and accelerating the formation of resilient and futureproof digital societies.

UAE-China relations

Gabrielle Inzirillo, head of ecosystem improvement, at the monetary solutions regulatory authority at ADGM gave a keynote speech at the summit highlighting sturdy relations amongst the UAE and China across projects.

In her speech, she mentioned: “The UAE has grow to be the world’s testbed for emerging technologies, and China has been at the forefront of innovation. With a specific concentrate on the improvement of wise cities, the robust infrastructure of each nations would allow sturdy financial development in the coming years.

“Technology is a essential enabler for development across sectors currently, but it comes with some dangers such as information protection, safety and privacy, that is why the smart leadership of the UAE has initiatives in spot that are focused on upskilling workers, a path to create a expertise-primarily based economy,” continued Inzirillo.

Commenting on the wise city projects, Inzirillo added: “Masdar is 1 of the very best examples of wise city projects. The city has substantial-scale renewable power projects, vertical gardens, carbon neutral and it is a car or truck-absolutely free city.”

A new chapter starts

DES 2023 aims to inspire regional and international visions for a superior digital future. Additional than one hundred international speakers shared their insights more than the two days in eight specialist forums anchored about the central theme ‘Emerging with Resilience: Fostering a Smarter Future’.

John Lee, chief executive of the HKSAR Professor Sun Dong, secretary for innovation, technologies and business of the HKSAR Government Shumin Cao, deputy director of Cyberspace Administration of China and Dong Chen, deputy minister, The Liaison Workplace of the Central People’s Government in the HKSAR, officiated the opening ceremony.

“Our country’s essential methods of the National 14th 5-Year Strategy and the Guangdong-Hong Kong-Macao Higher Bay Location improvement assistance Hong Kong’s improvement into an international innovation and technologies (I&ampT) centre,” mentioned Lee.

“We are now poised to get started a new chapter of digital economy improvement by means of our persistent pursuit of I&ampT advancement. To echo the theme of today’s Summit, we have to embrace the sweeping modifications brought about by the digital revolution, in order to emerge stronger than ever in a smarter future,” he continued.

“As the only city in the globe exactly where the international positive aspects and the China benefit converge, Hong Kong will continue to be the excellent base for Mainland enterprises to create their international attain and a launchpad for foreign providers to acquire access to the Mainland Chinese marketplace. It is our best priority to assure that small business and investment prospects in Hong Kong will continue to flourish in the years to come.”

John Lee, chief executive of the HKSAR

Innovation improvement

Adding to this, Dong mentioned: “To accomplish higher-high-quality financial improvement, digitalisation is an inevitable trend. On this journey of transformation, I&ampT is 1 of the essential driving forces. The wider adoption of I&ampT could revitalise classic industries, spawn new enterprises, foster a diversified economy and produce high-quality employment possibilities in Hong Kong.

“This term of Government has accorded higher priority to I&ampT improvement with advertising digital economy improvement and establishing Hong Kong into a wise city as 1 of the essential directions,” Dong continued. “We will continue to roll out far more initiatives in spearheading the improvement of our digital economy and wise city.”

Simon Chan, chairman of Cyberport, mentioned, “The pandemic has accelerated international digital adoption and unleashed a wave of transformation that will continue to reshape people’s lives, wise city improvement, and industries in the years ahead. DES 2023 creates a platform for major thinkers and choice-makers from government, small business, and academia to come with each other and discover the fascinating possibilities the future may well hold.”

Technologies shaping the future

On day 1, DES 2023 supplied attendees various possibilities to envision how digital innovations are defining the new post-pandemic regular and assisting to produce far more sustainable societies and far more competitive enterprises.

The Visionary Forum was a hugely anticipated highlight of DES 2023, exactly where international business specialists spoke about the effect and possible of several technologies beneath the theme “Re-produce Future Sustainable Societies”.

The audience heard from leaders covering a vast variety of subjects, which includes digital government improvement, the provision of new immersive viewing experiences enabled by cloud-primarily based systems at international sports events, low-carbon improvement and wise urban transformation driven by digital innovation, as nicely as the newest developments in autonomous driving technologies.

In the afternoon sessions, specialists and attendees took an in-depth appear at the application of technologies in the digital economy. The Chambers Forum, supported by six big chambers of commerce, addressed how enterprises are integrating classic and new economy to drive small business transformation and remain ahead of the curve, whilst the Wise City Forum organised by Wise City Consortium focused on how Hong Kong and the Higher Bay Location (GBA) are major the way in establishing and driving wise city developments.

The stage featured higher-level representatives from tech giants such as Microsoft, Panasonic, SenseTime, Tencent Cloud and Dmall, as nicely as speakers from organisations in Finland, France, Singapore and the GBA. Concurrent with these events, Huawei’s Digital Government Symposium identified and discussed the essential components of e-government and go over how they are becoming implemented in the Higher Bay Location and overseas.

Encounter the wise future

In addition to specialist forums, an expertise zone has been set up to showcase the newest technologies options from Cyberport neighborhood get started-ups, partners, and far more, providing attendees the chance to expertise technologies options initially-hand.

Applications revolve about the digital economy, wise city, wise mobility, and new industrialisation, which are aligned with the major directions of the Hong Kong I&ampT Improvement Blueprint. The showcased options span the important wise living domains of health-related, meals, living, mobility, and a lot of other elements. Participating providers incorporate wise retail answer provider Dmall and healthtech get started-up Gense Technologies, which provides cost-effective transportable health-related imaging devices, wise mobile farm developer Farmacy, and a lot of far more.

Also, the second day of DES 2023 featured 4 specialist forums of substantial effect on the future of digital economy, namely FinTech Forum, Beyond Web3 Forum, Wise Mobility Forum and New Industrialisation Forum.