Hong Kong Fintech Ecosystem Report

PART I: HONG KONG FINTECH AT A GLANCE 15 A Hub of Innovation and Technology - Academic excellence and institutes • Global top-ranking universities (5 universities in World Top 100 i ) • World-class research institutes Supportive Government Policies - Comprehensive government funding schemes (tax incentive, grant, matching fund) - Proof-of-concept facilities - Regulatory sandboxes - Commercialization platforms - Pro-innovation procurement policy Dynamic Startup Ecosystem - Vibrant startup community - R&D facilities and infrastructure at HKSTP and Cyberport - Incubation programs and venture fund supports Sources: i. QS World University Rankings 2025 ii. Global Innovation Index 2023 iii. Smart Centres Index by UK-based Z/Yen released in November 2023 iv. Lausanne-based International Institute for Management Development v. 2023 Startup Survey No.2 Science and Technology Clusters (Shenzhen-Hong Kong- Guangzhou) Global Innovation Index 2023 ii APAC’s No.2 Hub for development of New Technology iii APAC’s No.3 World Digital Competitiveness 2023 iv - Top 5 industries of startups v • Fintech • E-commerce • Information, computer and technology • Education and learning • Data analytics - Fintech Unicorns in Hong Kong (in alphabetical order) • Airwallex • HashKey Group • Micro Connect • WeLab • ZA Group 4,694 startups 137 incubators/ accelerators/ co-work spaces 17,651 employees Extensive networks with universities, startup clubs/ associations