Hong Kong Fintech Ecosystem Report

PART I: HONG KONG FINTECH AT A GLANCE 23 The amounts in US$ are shown for reference only. Please refer to the amounts in Hong Kong dollars. Funding Support for Marketing and Promotion Other Channels of Financial Support SME Export Marketing Fund (EMF) Corporate Venture Capital SME Financing Guarantee Scheme Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund) Innovation and Technology Venture Fund (ITVF) University-backed Venture Fund University-backed venture fund set up to support startup incubation programs US$0.13M (HK$1M) cumulative limit Financial assistance to SMEs for participation in export promotion activities (including the GBA) Provide up to 50% of total approved expenditure or US$12,762 (HK$100,000) (whichever is lower) HKSTP Ventures Setup by Hong Kong Science & Technology Park with AUM of US$0.13B (HK$1B) Cyberport Macro Fund Setup by Cyberport with AUM of US$51M (HK$400M) Up to 100% Loan Guarantee Maximum 8 years of repayment period with max. facility amount of US$0.77M (HK$6M) per borrower US$0.89M (HK$7M) cumulative limit Financial assistance to Hong Kong enterprises to implement projects that explore and develop the Mainland, FTA or IPPA markets through developing brands, upgrading and restructuring operations and promoting sales Government (maximum 50% of project cost) and Enterprise (no less than 50%) matching basis, cap at US$0.13M (HK$1M) A US$0.26B (HK$2B) ITVF set up by the Government Co-investment scheme with matching ratio of 1 (ITVF) : 2 (Co-investment Partner) For example: HK Tech 300 with US$63.8M (HK$500M) was set up by City University to support 300 startups in 3 years