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Efforts to foster fintech entrepreneurs get rolling

Tatsuto Fujii, senior analyst at Mitsubishi UFJ Financial Group, appears on stage with a robot during the Finnovasia event. (Photo by Masashi Uehara)

HONG KONG -- A wave of financial technology is surging to Asia, with the establishment of venture businesses to fuse information technology and financial services in China, Hong Kong, Singapore and other Asian economies, and spreading even to Myanmar.

An international exchange event on fintech called Finnovasia was held in Hong Kong on May 30. The conference, whose name is a combination of words "finance," "innovation" and "Asia," was aimed at providing fintech-related entrepreneurs, investors, banks and regulators a venue to exchange opinions on how the financial industry should develop in Asia and create opportunities for cooperation.

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