DeepSeek’s expansion into Hong Kong will promote the city’s fintech development and benefit the initial public offering market if it considers a local listing, says Terence Chong Tai-leung, executive director of the Lau Chor Tak Institute of Global Economics and Finance at Chinese University.

Hong Kong may see more investments from India and Europe alongside an influx of fintech talent if technology from China's AI star can be applied by local financial institutions such as those in quantitative investment, Chong said.

DeepSeek’s expansion will benefit the company itself as Hong Kong's open internet helps enterprises using data from more districts to train large models.

He believes DeepSeek’s expansion plan also depends on the city’s recent promotion of the innovation and technology sector, including reserving space for science and technology parks in the Northern Metropolis area.

STAFF REPORTER