To inform policy and strategy development for Hong Kong’s regulatory technology (regtech) sector, the School of Business and Management of The Hong Kong University of Science and Technology (HKUST Business School) has completed an in-depth research study showing how Hong Kong should address the various pain points facing the regtech sector with a view to strengthening its growth. Recommendations for the regulators to consider in creating a vibrant, innovation-friendly regtech ecosystem include taking the lead in technology development, incentivizing technology use, and producing clear guidelines to ease the challenges facing the industry in technology adoption.