Asia’s Largest Financial Center and Gateway to China

Hong Kong

15.9%of

GDP

6%of

workforce

12%export

Fundamentals

Fundamentals

• 3rd Global Financial Center

• Major FinTech Hub

• 70 of World's Largest 100

Banks in HK

• Leading Asset Management

hub

• Offshore RMB Center

• Regional Connectivity

• One Belt One Road initiatives

• China In / Outbound Gateway

• Financial Services

Renovation

+ Innovation

• Growth Stage FinTech

• Mature & Stable Regulations

• Smart City Initiatives

• CEPA Regional Trade

Agreement

Jul 14

First FinTechAccelerator

Sept 14

SecondFinTechAccelerator

Nov 14

StartmeUpHong Kong FinTech Day

Feb 15

GovernmentBudget Speech

Apr 15

FSTB paperFintech Liaison Offices

Growth

2014 2016

2016HKMASandbox

SVFLicenses

SFCcircular –NON face-to-

face account opening

ASTRI BlockChainlabs

HK Fintechweek

Cyberport extension

Growth

130+

FinTech

Start-ups

200+

FinTech Events

Leading

RegTech research

4

liaison offices

2

FinTech

Poles of excellence

Numerous FinTech successes & business milestones

SVF / Non face to face onboarding / SandBox / R&D labs

3

FinTech

Accelerators

Big 4 consulting

FinTech

leadership in HK

Market

footprint

expansion

Growing

FinTech university

Programs

Two Years of Change

• Government Budget Speech

• FSTB White paper

• Invest HK dedicated Fintech sector

• SFC FinTech Contact Point

• HKMA’s FinTech Facilitation Office

• Regulatory Sandbox launched

• ASTRI BlockChain whitepaper

• FinTech Week Series in Nov 2016

• CyberPort Fintech Smart-Space

• FinTech Finals 2017 edition

FinTech Year 1

(2014 - 2015)

FinTech Year 2

(2015 - 2016)

FinTech is

Private Sector Led

FinTech Supported by

Government

Contributions

Government Initiatives

• FinTech in Hong Kong is private sector led

• Government supports the sector via :

• FSTB Fintech Coordination Group and initiatives

• InvestHK / SFC / HKMA / IA / CyberPort / Science Park / ASTRI

FinTech Contact Points – Poles of excellence

• FinTech Week + Fintech Finals networking events Series

• FinTech R&D funding schemes / FinTech Labs

Super Connector to China, Asia & Beyond

A unique FinTech business pipeline

Pearl River Delta: GDP US$1,328bn Population 120m people

A unique FinTech business pipeline

Belt and Road

Super Connector to China, Asia & Beyond

FinTech Sectors Priorities

Cyber Security

RegTech

WealthTech

BlockChain

InsurTech

Services of InvestHK

Free & confidential services :

1. Bank accounts -Working visas - Office space -Schooling

2. Introduction to regulators : SFC, HKMA, Insurance Authorities

3. Introductions to HK innovation centers :

ASTRI / Cyberport / Science Park / Lok Ma Chau Loop

4. Networking opportunities

5. Business introductions

6. Government support schemes guidance

Highlights

Business Opportunities:

• The world 3rd largest financial services center consumes a lot of technologies

• SFC ‘ Non face to face account opening (Circular of 24 October 2016)

Unique proposition of Hong Kong > HK + South of China = 120M potential customers

Reputable and Supportive Business Environment :

• Central location in Asia – Access to China – Ease of doing business – World class

infrastructures

• Low and simple tax regime – Rule of Law – Dynamic talent pool

Highlights

Strong Government Supports:

• Tech vouchers Scheme: HKD 200,000 for SMEs to upgrade their business

• Internships Scheme : Employ a local graduate and receive up to HKD16K/month for

maximum 2 years

• R&D : Up to HKD 10,000,000 support by HK government for R&D projects

• Investment : HKD 5 billion fund for co-investing in start-ups

• Talents : Training financial services professionals - HKD7,000 per year per head

• Innovations : HKMA sandbox with banks, R&D supports

Hong Kong FinTech Week 2016

• 7 – 11 Nov 2016

• 2,500+ participants

• 100+ speakers

• 170+ media coverages

Hong Kong FinTech Week 2016

Pencil down your agenda for the next edition in

November 2017

FinTech Finals 2017

18-19 January 2017, Hong Kong, PMQ

• 1,000 Attendees

• 200 CEOs & Founders

• 50 Nationalities

• 24 Live Start-ups Pitches

FF17 FINALISTS selected through

semi-finals in :

Sydney / Kuala Lumpur / Sao Paulo /

Shanghai / Singapore / Bangalore /

Melbourne / Seoul / Tokyo / Mumbai / NYC

http://ff17.nextmoney.org

Contact Us

Get in Touch Newsletter & Social Media

hongkong-

fintech.hk

@HongKongFinTech

Charles d’Haussy

Head of Fintech, Hong Kongcdhaussy@investhk.gov.hk

Thorsten Terweiden

Deputy Head (Fintech), London

thorsten_terweiden@hketolondon.gov.hk

USA Office

Q1 2017

fintech@investhk.gov.hk

Thank you! Q&A