Hong Kong Towards a Leading Global FinTech Hub

2 3 This report documents the findings and insights from research conducted by HKUST Business School under the Fintech Theme-based Research Project (No. T31-604/18-N), funded by the Research Grants Council (RGC). This report also includes initial findings of a project funded under the Strategic Public Policy Research Scheme of the Policy Innovation and Coordination Office (PICO) on “The Development of Fintech, Insurtech, and Regtech Manpower to Sustain Hong Kong as a Leading Global Financial Center”. We would like to thank RGC and PICO for their generous support, the Fintech Research Project Advisory Board, and our industry partners for their valuable input. Research, Editorial, Design and Production: Prof. Kar Yan Tam of HKUST Business School, Project Coordinator of Fintech Research Project Ms. Christy Yeung, Head of Fintech and Green Finance Research, HKUST Business School Ms. Tiffany Lau, Assistant Manager of Fintech Research Project, HKUST Business School Ms. Winnie Chan, Research Associate, HKUST Business School Mr. Lionel Wilson Mok, Research Assistant, HKUST Business School Ms. Marie Raymond of Seriously Orange Studio Ltd Mr. Andrew Tang of Jamfactory The Media Technology and Publishing Center of HKUST Enquiries: fintech@ust.hk About HKUST Business School Founded in 1991, the HKUST Business School is young, innovative and committed to advancing global business knowledge. The School has forged an international reputation for world-class education programs and research performance, and has received many top global rankings. It is one of the first Asian business schools accredited by both AACSB and EQUIS. The School strives to contribute to the economic and social advancement of the region by developing future leaders who possess an innovative and entrepreneurial spirit as well as a strong sense of responsibility. We also take active steps to promote knowledge advancement in many significant business areas. For more information, please visit www.bm.ust.hk . About Fintech Research Project The Fintech Research Project is funded by the Research Grants Council (RGC) under the Theme-based Research Scheme 2018-19, titled “Contributing to the Development of Hong Kong into a Global Fintech Hub”. The project aims to provide a roadmap for transforming Hong Kong into a global fintech hub through the delivery of policy recommendations, scholarly contributions, and industrial impact. A team of researchers from HKUST and other universities with expertise spanning finance, information systems, statistics, computer science, accounting, and economics are tackling eight major research tasks that cover blockchain, cybersecurity, risk preference, robo-advising, artificial intelligence / machine learning, systemic risk, financial innovation policy, and manpower development. © March 2022 HKUST Business School, The Hong Kong University of Science and Technology All Rights Reserved.