Hong Kong Towards a Leading Global FinTech Hub

104 105 Part II: Key Observations, Policy Implications and Recommended Actions for Hong Kong Conclusion The global pace of fintech developments is both an opportunity and a threat to Hong Kong’s standing as a premier international finance center. Companies and customers are increasingly looking to stay ahead of the curve in terms of technology adoption and service offerings. Hong Kong has an opportunity to maintain its competitiveness within the global financial market, if it can rapidly scale and deepen the breadth of the fintech environment available to all stakeholders, including financial institutions, SMEs, startups and customers. The 10 opportunities covered in this section of the report can help Hong Kong develop a roadmap upon which we can accelerate the city’s standing as a leading global fintech hub. With the support of government, industry and academia, we can solidify Hong Kong’s position as a sustainable and vibrant international financial city and global fintech hub.