Hong Kong Fintech Ecosystem Report

12 Sources: i. Asset and Wealth Management Activities Survey 2023, Securities and Futures Commission ii. 2023 Annual Report, Hong Kong Monetary Authority iii. HKICL, 2023 iv. InvestHK, 2024 v. Insurance Authority 2025 vi. Financial Review of the Securities Industry 2023, Securities and Futures Commission vii. Financial Review of the Securities Industry 2023, Securities and Futures Commission viii. Hong Kong Trade Development Council 2023 ix. Trade and Industry Department 2023 x. Hong Kong Trade Development Council 2022 xi. HKEX, 2024 xii. SFST Speech (Partners Group), 2024 xiii. HKIC, 2023 One of the most vibrant and active capital markets , with a total market capitalization of about US$4.6 trillion xi 2 nd largest private capital pool in Asia Pacific totalling at US$228 billion xii A Financial Center with Deep and Diverse Funding Experience and Opportunities HKSAR Government established The Hong Kong Investment Corporation Limited (HKIC) to further optimize the use of financial reserves for promoting the development of the economy and industries of Hong Kong xiii HKIC manages a total of US$8.06 billion in funding, which includes: 1. Hong Kong Growth Portfolio (US$2.86 billion) 2. Greater Bay Area Investment Fund (US$0.65 billion) 3. Strategic Technology Fund (US$0.65 billion) 4. Co-Investment Fund (US$3.9 billion) *Calculated based on the exchange rate on the day of writing (HK$1 = US$0.13) Asset & Wealth Management Banking Digital Payment Insurance Securities Trading 2,000+ i 150+ Licenced Banks ii 8 Virtual Banks 120+ Digital payment companies iv 158 Insurers v 4 Virtual Insurers 1,380+ Securities Dealers and Securities Margin Financiers vii Out of 360,000+ Total SMEs ix 100,000+ engaged in import/ export trade and wholesale x $3.99T AUM i $3.55T Total Asset ii $578.58B Turnover of Fast Payment System Value iii $70.47B Total Gross Premium v $184.9B Total Assets vi $1.13T Total Trade viii Market Stats (US$) No. of Firms A Sizeable Financial Industry with Huge Demand for B2B Fintech Innovation 1 2 Hong Kong's Financial Market