China Social Sciences Academy Finance Institute: Hong Kong Can Help Africa Upgrade Payment Systems Through Blockchain Financial Innovation
According to Golden Finance, the 2024 Forum on China-Africa Cooperation summit has released a lot of positive news for China-Africa cooperation. Regarding Hong Kong's advantages and opportunities, Guo Hanbing, a postdoctoral researcher at the Institute of Finance, Chinese Academy of Social Sciences, said in an interview with Ta Kung Pao that against the backdrop of the summit, Hong Kong's role is gradually shifting from a traditional trade and financial intermediary to an innovative partner, injecting new vitality into Africa's development.
Guo Hanbing believes that in the field of fintech, Hong Kong's innovative capabilities can help African countries improve their payment systems and enhance the reach and efficiency of financial services. For example, mobile payments and blockchain technology can provide more convenient financial services to small and micro enterprises and individual businesses in Africa.