Invest Hong Kong (InvestHK) announced that the Global Fast Track 2021 programme is now open for applications from fintech scale-ups and established firms intending to scale from Hong Kong to the GBA area, Asia and beyond.
Selected companies will earn a spot to be showcased prominently at Hong Kong Fintech Week 2021 on November 1 to 5.
Now in its second year, the programme will introduce applicants to its corporate and investor champions who will explore business opportunities with them.
The group of more than 50 champions represents a wide spectrum of Hong Kong and international companies, including banks, tech giants, insurance firms and conglomerates.
The corporate and investor champions include Hong Kong Fintech Week’s strategic partner AMTD Group. The other Corporate Champions include Bank of China Hong Kong, Eureka Nova, Hong Kong Exchanges and Clearing Limited (HKEX), HSBC, LFX by Li & Fung Limited, Manulife Hong Kong and Macau, and many more.
The investor champions include Chow Tai Fook Enterprises Limited, Cyberport, Greater Bay Area Development Fund Management Limited, Hong Kong Science and Technology Parks Corporation (HKSTP), SC Ventures by Standard Chartered, Trustar Capital of CITIC Capital Holdings Limited and more.
Global Fast Track is inviting companies from nine key finance verticals namely Commercial Banking; Investment, Wealthtech and Capital Markets; Retail Banking; Personal Finance; Insurtech; Regtech; Digital Assets; Payments; and Environmental, Social, and Corporate Governance to submit their applications from now until September 10.
The most promising fintech enterprises will be invited to enter a pitch competition adjudicated by a judging panel formed by the champions. The winners will be announced during Hong Kong Fintech Week in November.
Global Fast Track is a collective endeavour by the Financial Services and Treasury Bureau, Hong Kong Monetary Authority, the Insurance Authority, Securities and Futures Commission, Cyberport, HKEX and HKSTP.
“As a strategically positioned gateway to Asia and, of course, Mainland China including the GBA, and with its free and open market and resilient business environment, Hong Kong is a magnet for global talent and entrepreneurial innovation.
This year’s Global Fast Track will showcase the best of what Hong Kong has to offer,”
said Stephen Phillips, Director-General of Investment Promotion at InvestHK.
“This year’s Global Fast Track is bigger than ever. Fintechs can access a one-stop shop accelerator programme that has been carefully tailored to suit their needs and ambitions for scaling.
InvestHK is proud to collaborate with the public sector and the Corporate and Investor Champions from the business sector, calling on the diverse and rich expertise of Hong Kong’s fintech ecosystem,”
said King Leung, Head of Fintech at InvestHK.
Featured image: Invest Hong Kong (InvestHK) announced today (June 17) that Global Fast Track 2021 programme is now open for applications. Photo shows public institutions and representatives from the sector that support the programme at the Global Fast Track 2021 press conference.
