As an international financial centre, Hong Kong is an ideal place for Fintech business to grow. The Financial Services and the Treasury Bureau (FSTB) attaches great importance to the development of Fintech, and works closely with relevant Government departments, financial regulators and the industry to advance the development of Fintech sector through a variety of measures. Our work include:
- Promoting Hong Kong’s advantages in Fintech;
- Refining the regulatory regime to facilitate the sector’s development;
- Improving Fintech infrastructure;
- Providing funding to nurture Fintech talent
We will continue with our concerted efforts to promote and support Fintech development on all fronts and take it to the next stage.
The Hongkong and Shanghai Banking Corporation Limited is the founding member of the HSBC Group. HSBC serves customers worldwide from offices in 64 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of $2,976bn at 30 June 2021, HSBC is one of the world’s largest banking and financial services organisations.
SAS is the leader in analytics. Through innovative software and services, SAS empowers and inspires customers around the world to transform data into intelligence.
TransUnion is a global information and insights company that makes trust possible in the modern economy. We do this by providing a comprehensive picture of each person so they can be reliably and safely represented in the marketplace. As a result, businesses and consumers can transact with confidence and achieve great things. We call this Information for Good®. TransUnion provides solutions that help create economic opportunity, great experiences and personal empowerment for hundreds of millions of people in more than 30 countries. Our customers in Hong Kong include some of the top banks and money lenders, and as Hong Kong’s leading consumer credit information company, we maintain credit records on over 5.5 million consumers.
InvestHK’s vision is to strengthen Hong Kong’s status as the leading international business location in Asia. Our mission is to attract and retain foreign direct investment which is of strategic importance to the economic development of Hong Kong. It has a dedicated Fintech team in Hong Kong with correspondents located in London, San Francisco and Guangdong-Hong Kong-Macao Greater Bay Area (GBA). It aims at attracting worldwide innovative Fintech enterprises, start-ups, entrepreneurs, investors and other stakeholders to expand and scale their business via Hong Kong to the Mainland China, Asia and beyond.
We offer free advice and services to support companies from the planning stage right through to the launch and expansion of their business. Get in touch with us.
The Hong Kong Monetary Authority (HKMA) puts great efforts in striking a right balance between retaining appropriate flexibility for innovations and ensuring that customer interests are properly safeguarded during the course of fintech development. The Fintech Facilitation Office, established by the HKMA in 2016, facilitates the healthy development of the Fintech ecosystem in Hong Kong and promotes Hong Kong as a Fintech hub in Asia.
The Insurance Authority (IA) has established the Insurtech Facilitation Team to enhance the communication with business involved in the development and application of Insurtech in Hong Kong, as well as to promote Hong Kong as an Insurtech hub in Asia. The Team aims at facilitating the Insurtech community's understanding of the current regulatory regime, act as a platform for exchanging ideas of innovative Insurtech initiatives among key stakeholders, and provide advice on Insurtech-related topics as appropriate.
The Securities and Futures Commission (SFC) has established the Fintech Contact Point to enhance communication with businesses involved in the development and application of Fintech which intend to conduct regulated activities in Hong Kong. Under the Securities and Futures Ordinance, no person shall carry on a business in a regulated activity without a licence granted by the SFC. The purpose of the Fintech Contact Point is to facilitate the Fintech community's understanding of the current regulatory regime, and to enable the SFC to stay abreast of the development of Fintech in Hong Kong.
AMTD Group is a diversified conglomerate in Asia, with businesses in investment banking, institutional asset management, digital solutions, real estate and hospitality, and education. AMTD Group is a global Strategic Partner Associate of the World Economic Forum, and has been the Grand Sponsor to the SingaporeFinTech Festival since 2017 and Sole Strategic Partner to the Hong Kong FinTechWeek since 2018. AMTD International (NYSE: HKIB; SGX:HKB), a subsidiary of AMTD Group and dual-listed on the New York Stock Exchange and Singapore Exchange, is a leading independent investment bank in Asia and one of Asia's largest independent asset management companies, and is also a leading investment house in the financial and new economy.AMTD Digital, a one-stop comprehensive digital solutions platform in Asia underAMTD Group, operates in businesses covering digital financial services, digital media, content & marketing, SpiderNet ecosystem solutions, and digital investment. Airstar Bank, one of the eight licensed virtual banks in Hong Kong, is the joint venture between AMTD and Xiaomi and a portfolio under this platform and is also one of the earlier virtual banks launching its service.
FINNOVASIA is Asia's largest and most active FinTech community. Since 2015, we have hosted a number of regional conferences in Hong Kong, Mainland China and Kuala Lumpur attended by over 40,000 senior-level FinTech executives, founders, investors, and entrepreneurs from more than 130 countries. We create, organize, and run some of the most renowned financial technology conferences, FinTech startup incubation programmes, workshops, hackathons, executive training and networking nights in Asia.