Global Innovation and Fintech Centers
Fintech is transforming the way financial businesses operate, collaborate, and transact with customers, regulators, and others in the industry all over the world.
Hong Kong Fintech Ecosystem
Overview
Export information for Canadian fintechs looking to launch and scale their business in Hong Kong
- One of the top three financial hubs
- Over 550 fintech companies
- $188M in fintech funding (2018)
- $640M ITF fund launched in 2019 to boost the fintech ecosystem
Details
Although Hong Kong is one of the top three financial hubs in the world, it was initially slow in its fintech innovation. Its regulators have been ramping up efforts in recent years in attempts to attract fintech investments into the region.
Investments into Hong Kong startups slowed in 2018, with only $188M USD compared to $546M USD in 2017. In 2019, the Hong Kong Government launched a $64 million USD fund to develop financial services over the next five years, in addition to a $640M USD Innovation and Technology Fund (ITF) to boost the ecosystem.
Moreover, Hong Kong offers something that other countries can’t offer – access to China, the largest fintech marketplace in the world. There are approximately 550 fintech companies based in the region.
Doing Business in Hong Kong
Visit the Trade Commissioner Service's guide for Canadian businesses who are exporting to Hong Kong
Fintech Laws and Regulations
Visit the Hong Kong Monetary Authority's guides, resources and research on the fintech regulatory landscape
Why Fintech in HK?
A part of InvestHK, FintechHK seeks to attract fintech companies to Hong Kong as the ideal place to launch their business in Asia
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