Hong Kong launched a five-year fintech strategy to advance AI and tokenisation responsibly. The HKMA plans to embed AI in finance, build a tokenisation ecosystem, create data and payment infrastructure, and enhance sector-wide resilience. Fintech 2030 is the third stage of Hong Kong’s strategy, focusing on resilience and charting the future. The first project under Fintech 2030 aims to settle tokenised money market funds by the end of the year. Other uses for tokenisation could include green finance, carbon emissions trading, and cross-border trade finance. The HKMA is also exploring blockchain and tokenisation for quicker and cheaper cross-border trade transactions.

Read more at 1. Tesla announces record profits in Q3, beating Wall Street expectations. The electric car company reported $1.62 billion in net income, up from $331 million a year earlier. Shares surged over 10% in after-hours trading. – CNBC

2. Apple unveils new MacBook Pro with upgraded M1 Pro and M1 Max chips. The 14-inch and 16-inch models boast improved performance and battery life. Prices start at $1,999 and $2,499 respectively. – Reuters

3. Federal Reserve keeps interest rates unchanged, citing strong economic growth and inflation concerns. The central bank signals a potential rate hike in December to curb rising prices. – Wall Street Journal

4. Facebook reports a 35% increase in third-quarter revenue, driven by strong ad sales. The social media giant generated $29 billion in revenue, surpassing analysts’ expectations. – CBS MarketWatch

5. Amazon announces plans to hire 150,000 seasonal workers for the holiday shopping season. The e-commerce giant expects increased demand for products and services. – Barchart: Hong Kong unveils fintech strategy to future-proof the city in AI and tokenisation