Hong Kong Fintech Ecosystem Report

PART I: HONG KONG FINTECH AT A GLANCE 17 Source: i. HKEX Key Sectors with Great Opportunities in the GBA by Leveraging Hong Kong Financial Integration - Cross-boundary Wealth Management Connect - Bond Connect - Stock Connect - Insurance Connect - Swap Connect - Mutual Recognition of Funds Lucrative Market in Greater China - China's capital market is expected to grow to US$100 trillion by 2030 i Green Finance - Achieve the carbon neutrality target by 2050 for HKSAR, and by 2060 for the Central Government - Hong Kong––One of the world’s leading green bond markets - Strong presence of large global financial institutions and internationally recognized agencies for green certification Financial Services Hong Kong as the R&D Hub and Capital Raising Center for I&T companies Shenzhen––China’s Silicon Valley - Headquarters to China’s tech giants such as Tencent, Huawei, ZTE, BYD - Shenzhen -Hong Kong I&T Cooperation Zone –– including a 87 hectares Hong Kong -Shenzhen Innovation and Technology Park (HSITP) , with 67 buildings including dry-lab, wet-lab, office, with a focus on life & health technology Northern Metropolis - A second growth engine in Hong Kong drivenmainly by I&T development leveraging the proximity with Shenzhen Dongguan––The World’s Factory - Dongguan is a center of global manufacturing especially for advanced manufacturing, where 90% of parts & accessories for IT products are produced Innovation & Technology