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(Webinar via Zoom) Cybersecurity as Regulation: The Protection of Critical Infrastructures (Computer Systems) Ordinance (Cap. 653) and its Impact on Fintech
Joshua Chu, Executive Director at CITD (HKEx 8178), Senior Consultant at Prosynergy, Co-Chair of The Hong Kong Web3 Association, Director at the Corporate Counsel Hong Kong Association
Christie Liu, Assistant Legal Counsel, CITD (HKEx 8178)
Date: 21 May 2026 (Thursday)
Time: 2:30pm - 5:45pm
Level: I (Intermediate)
For delegates who have prior knowledge of the subject area
Language: English
Fee: HK$ 1,850
Accreditation: (3 CPD Points being applied for - The Law Society of HK)
Ref: L26OT08
Venue: Webinar Course
Presenter's Biography:

Joshua Chu is a qualified lawyer, law lecturer, and technology leader with a proven track record in predictive AI, cybersecurity, and blockchain innovation. As Director at CITD (HKEx 8178), he drives advancements in AI and Web3 cybersecurity. He is also private practice solicitor, Senior Consultant at Prosynergy (a regulatory consulting firm led by former SFC regulators), and Law Lecturer at HKUSPACE.

Recognized by the industry, Joshua also serves as the Co-Chair of The Hong Kong Web3 Association, Director at the Corporate Counsel Hong Kong Association, and Legal Advisor to both Women in Web3 Hong Kong and the Hong Kong Blockchain Association.

Over the years, Joshua has spearheaded a number of groundbreaking cases, including:

[a] Hong Kong's first crypto litigation in Bitmain Technologies Limited v iFinex Inc. & Anor. HCA 1980/2015 (2016),

[b] Hong Kong's first court order for service via data room in in Hwang Joon Sang & Anor v G.E.I & Ors. [2020] HKCFI 1084 and [2020] HKCFI 1233 (2020),

[c] Hong Kong's first tokenized Listed Company bonds (2023),

[d] Co-Advocate in Hong Kong's first civil judgment against JPEX in Chan Wing Yan and Anor. v. JP-EX Crypto Asset Platform Pty Ltd and Others [2024] HKDC 1628 (2024, colloquially dubbed "Hong Kong's FTX"), and

[e] Hong Kong's first tokenized injunction order in Worldwide A-Plus Investments Ltd v. A-Plus Meta Technology Ltd [HCA2417/2024] (2024).

Joshua's cross border experience spans litigation and enforcement in South Korea, Hong Kong, Taiwan, the British Virgin Islands, Seychelles and New York, with a particular focus on fraud recovery strategies and complex evidence gathering. He has led HKIAC arbitrations on shareholder and technology M&A disputes, represented clients in WTO GPA matters. Beyond disputes, Joshua has also been instructed to provide expert evidence in disputes involving complex technology and digital assets.

Before his legal career, Joshua led the IT department at Evangel Hospital, bringing a unique multidisciplinary perspective to his work. This background has empowered him to develop innovative legal and technological solutions, effectively tackling complex issues that arise in cases involving emerging technologies such as AI, blockchain, and cybersecurity.

His cases and achievements have been regularly featured in both international and local media alike and is also the recipient of various In-House Counsel Awards in the fields of Data & Cloud Technologies, Litigation, Risks & Compliance.

Christie serves as the Assistant Legal Counsel at CITD. Prior to joining CITD, Christie worked on several notable matters during her time in private practice, notably in high-profile cases involving the resistance of worldwide injunctions against cryptocurrency exchange directors and the recovery of US$1.6 million in fraud cases. She also played a key role in consulting on the tokenization of in-game loyalty rewards and advising on Hong Kong's first security token offering using the DOT standard.

Previously, Christie was part of the banking and finance team at a reputable full-service law firm in Hong Kong, where she handled both contentious and non-contentious civil matters. Her strong background in insolvency and banking law further enhances her capabilities.

With her diverse experience, Christie possesses a thorough understanding of the legal challenges confronting the financial and technology sectors.
 
Outline:

1. What is Cap. 653?

  • New statutory framework protecting critical infrastructure computer systems in banking, energy, IT, transport, healthcare, and telecom sectors.


2. Who's Affected?

  • Banks, SVFs, payment operators designated as Critical Infrastructure Operators (CIOs)
  • Digital banks if systemic scale
  • FinTech vendors via customer (bank) contracts


3. Three Core Requirements

  • Governance: Dedicated CISO, board oversight, security plans
  • Prevention: Annual risk assessments, independent audits every 2 years
  • Incident Response: Report serious cyber incidents within 48-72 hours


4. Why It Matters for FinTech

  • Offshore systems still subject to HK regulation
  • Vendors must meet heightened security standards
  • Multi-regulator enforcement (Commissioner + HKMA + PDPC)
  • Non-compliance: HKD 1M-3M fines + imprisonment; personal officer liability

 
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