Hong Kong

Hong Kong Households Continue to Bear the Brunt of COVID-19 Economic Consequences

In Hong Kong, the COVID-19 pandemic continues to take a toll on people’s financial health as family members from low-income households are put out of work and forced to turn to part-time work and credit to make ends meet. This

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Who Are Hong Kong’s Most Active Fintech & Blockchain Investors?

Hong Kong, a global financial hub, is home to a burgeoning fintech industry, a sector that’s risen on the back of a favorable regulatory landscape, supportive initiatives from the government, and an active community of investors supporting the growth of

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Top 5 Most Well-Funded Fintech Companies in Hong Kong

Home to over 600 fintech companies, Hong Kong is an international fintech hub characterized by a diverse, resilient, and dynamic landscape that’s supported by a strong network of incubators and accelerators, a pool of experienced angels and venture capitalists (VCs), a host

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Hong Kong Seeks to Regulate Stablecoins by 2024

Though crypto-assets do not pose a risk to financial stability just yet, they very well might in the near future as this new asset class continues to develop at a rapid pace. The fast-growing cryptocurrency ecosystem, the rising prevalence of

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Hong Kong Fintech Report 2022: HK’s Fintech 2025 Strategy Begins to Take Shape

Hong Kong continues to pursue its fintech ambitions, accelerating efforts related to regtech and central bank digital currency (CBDC). Meanwhile, the city’s eight virtual banks are seeing strong consumer uptake as they continue expanding their product offerings. Fintech News Hong

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Hong Kong’s Virtual Banks Set to Amass Over 44,000 SME Customers by 2025

By 2025, Hong Kong’s virtual banks are expected to amass 44,182 small and medium-sized enterprise (SME) customers, a client base that’s set to grow at a compound annual growth rate (CAGR) of 163.6% between 2020 and 2025, estimates Quinlan and

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6 Reasons Why Hong Kong Is The Ideal Place for Fintech Startups

Hong Kong’s business-friendly environment, financial and operational support, strategic position in Asia-Pacific (APAC) and advanced technical infrastructure provide ideal conditions for fintech startups looking to scale, grow and crack the Asian market. Home to more than 460 fintech companies, including

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Hong Kong Consumer Credit Market Improves Amid Rising Consumption, Economic Rebound

Hong Kong’s consumer credit market improved in Q2 2021 as the local economy continued to rebound from the impact of COVID-19 and private consumption increased 6.5% year-on-year (YoY) increase, according to TransUnion’s Q2 2021 Industry Insights Report. In Q2 2021,

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Hong Kong’s Digital Banks Will Operate at a Loss for at Least the Next 2 Years

Despite advantages including cheaper operational costs and backing from tech firms with deep pockets, Hong Kong’s digital banks will face hurdles in turning a profit. These eight newcomers will have to operate at a loss for at least the next

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6 Upcoming Fintech Online and Hybrid Events in Hong Kong

Earlier this month, the Hong Kong government extended to social distancing measures in place for 14 more days starting August 25. To help prevent the importation of COVID-19 infections and the Delta mutant strain, the government said it will further

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