This document provides an overview of Hong Kong's thriving fintech ecosystem and opportunities for fintech companies. It summarizes that Hong Kong has over 800 fintech companies, with the majority focused on business to business opportunities. It also outlines various government support programs for fintech companies, including the Global Fast Track program and Hong Kong Fintech Week. Two success stories of fintech companies establishing offices in Hong Kong with support from InvestHK are also presented.

1. Hong Kong
Fintech
Opportunities
Overview
Paula Kant
Head of Investment Promotion,
InvestHK Brussels
8 December 2023, Brussels

2. 2
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Chengdu
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Guangzhou
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Singapore
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Hong Kong
Lima
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Almaty
Nairobi
• InvestHK Overseas: 34 country offices
• InvestHK HQ: 9 sector teams
• InvestHK’s services are FREE!
InvestHK: Gov Dept focused on attracting Foreign Direct Investment (FDI)
Helping foreign companies establish a presence in HK

3. Nine Sector Teams in HK
offering in-depth insights and support
Nine Sector Teams Priority Sub-sectors 2023 Four Traditional Pillar
Industries
Business & Professional Services
(BPS)
• Education •Professional services
Creative Industries (CI) • Design & Architecture, Digital Marketing
Consumer Products (CP) • E-retail, Sourcing
•Trading & logistics
(trading)
Financial Services and Fintech (FS)
• Regtech, Wealthtech, Insurtech
• Asset Management
•Financial services
Family Office • FOs from Europe, ASEAN
Innovation & Technology (I&T)
• Biomedical Technology, Robotics & AI
• Smart City
Information & Communications
Technology (ICT)
• Big Data / AI
Transport & Industrial (T&I) • Renewable Energy, Adv.
Manufacturing,
•Trading & logistics
(logistics)
Tourism & Hospitality (T&H) • Food trading (Green, Sustainable) •Tourism
* And a special StartmeupHK team!

4. Hong Kong
Fintech Ecosystem
Today
Hong Kong’s Thriving
Fintech Ecosystem
Strengths
Top 5
ranking among world’s
developed markets for
consumer fintech adoption
3
Fintech unicorns
out of HK’s 10 unicorns
800+ Fintech companies with 66%
focused on B2B
opportunities
86% Traditional banks
adopting fintech
46% of Fintechs at least
three-years old

5. Hong Kong’s
Thriving
Fintech
Ecosystem
Depth
DEMAND
160+ Banks
160+ Insurers
800+ Wealth / Asset
Managers
8 Virtual Banks
4 Virtual Insurers
Hong Kong has
SUPPLY
RegTech and
Blockchain
are the two fastest
growing categories in
2019,
followed by InsurTech,
WealthTech and
Digital Assets
fintech founders
from overseas
founders from
Mainland China
and Hong Kong

6. Opportunities for Fintech in
Greater Bay Area (GBA)
A fast growing market for
Fintech companies to scale
their expertise and know-how.
A gateway for Mainland
Fintech companies to go
global and global companies
to enter the Mainland market.
A platform for integration
Between the professional
Financial knowledge and
Software technologies.
A test market for new
products and services.
Source: CBRE Research
GDP
LAND AREA
POPULATION
US$1.6 tn
56,000 km2
86 million
>Australia, Spain
>Ireland, Latvia,
Panama,
West Virginia (US)
>UK, Italy,
South Africa

7. 800+
Fintech companies
SUPPLY
44%
56%
Fintech Founders
From overseas
From Mainland
China and Hong
Kong
Blockchain
4%
Compliance & RegTech
23%
CreditTech
7%
Cyber Security
6%
Digital Assets
12%
InsurTech
12%
Money Transfer /
Remittance
3%
Payment Solutions
7%
SME Financing
4%
Trade Finance
3%
WealthTech
19%
Breakdown of Fintech segments in HK
66%
in B2B
A snapshot of HK fintech companies

8. Policy Statement on
development of Virtual
Assets in Hong Kong
• A regulatory regime has been launched to
license VA Exchanges – 1st of June 2023.
• Banks and financial institutions have been
provided guidance on distribution of VA-
related products
• Financial intermediaries and banks can
partner with licensed VA Exchanges when
offering clients with VA dealing services,
provided that relevant regulatory conditions
are met
• The Government is open to future review on
property rights for tokenised assets and the
legality of smart contracts
8

9. Venture Capital
Global Fast Track Program
that brings everything together
Scan to access the
program
1. Pitching Competition
2. 1-2-1 Business Matchings
3. Mentoring Sessions and
Regulator Guidance
Website: https://www.globalfasttrack.hk/
9

10. Hong Kong Fintech Week 2023
Date: 30 Oct - 5 Nov
2023
Venue: HKCEC
5.5 Million+
Video views
35,000+
Visitors
800+
Speakers
700+
Sponsors &
exhibitors
30+
Mainland and international
delegations
In numbers:
10
Organizers Co-Organizers

11. SUCCESS STORY 2018: FEEDZAI (Portugal)
 Feedzai is AI, Cybersecurity, antifraud. The company is a spin off from
Coimbra University in Portugal. Raised 200 mln USD at the end of
March 2021 (previous financing round 50 mln USD in Series-C Funding
Nov 2017)
 They have offices in Portugal, USA (Silicon Valley) and now in HK.
Annual turnover 102 million Euros, 620 staff
 Feedzai team in HK (since 2018): 27 staff
* Why set up in Hong Kong? Be close to key clients, Regional APAC office
InvestHK helped with:
o Company Service Providers, meeting with HKMA
o Work Visa application
o PR & Marketing; speaking slots at Fintech event.

12. SUCCESS STORY 2021: CURRENCY FAIR (Ireland)
 Currency Fair is an Irish global cross-border payments FinTech that
serves individuals and businesses with international payments and
currency exchange.
 The company inked a partnership deal with the Guangzhou-based
Chinese online trade network Buy-World to launch its marketplace
payment product. Capitalising in GBA ‘factory to business to consumer’
model.
 Following a strategic investment from Standard Chartered Bank,
Assembly Payments (Australia) and CurrencyFair merged in April 2021
to form the Zai brand.
* Why set up in Hong Kong? Company’s Asian hub in 2019, aiming to
grow in South East Asia markets. Looking for Chinese partners.
InvestHK helped with:
o Information to define strategy in Asia
o Bank account opening
o Government subsidies

13. © Copyright Invest Hong Kong, HKSAR
Get in Touch
INVEST_HK
e.weibo.com/investhk
@InvestHK
www.linkedin.com/company/invest-hong-
kong
www.youtube.com/user/investhk
www.flickr.com/photos/investhk
Ms. Paula Kant
Head of Investment Promotion
InvestHK Brussels
T: +32 2 775 00 62
M: +32 473 97 81 96
E: paula_kant@hongkong-eu.org

14. Where to find key Fintech-related info
14
Website: https://www.hongkong-