Hong Kong Partners With Swiss Crypto Valley

Invest Hong Kong, the government department responsible for attracting foreign direct investment and the Crypto Valley Association (CVA) of Zug, Switzerland, have signed a Memorandum of Understanding (MoU) to bolster the fintech ecosystems of both regions. The agreement, signed on June 6, 2024, aims to enhance collaboration, particularly in blockchain and cryptographic technologies. It also seeks to provide regular market updates to support companies in Hong Kong and Switzerland, encourage business development in highlighted areas, and facilitate bilateral investment through business missions and investment promotion events. The MoU represents a significant step in fostering a more interconnected global fintech ecosystem.