Hong Kong Fintech Ecosystem Report

30 40% 50% 40% 60% 70% 60% 10% 30% 20% 10% 20% 30% 50% 80% 70% Note: 30% of the companies had not raised any money, and are omitted from the exhibit. There are numerous advantages to operating a business in Hong Kong. Low tax, access to clients , and access to government subsidies/funding schemes were identified by the most surveyed companies (70.8%, 60.0% and 55.4% of respondents, respectively). Other notable advantages include world-class regulatory environment (54.6%) and ease of doing business (50.8%). On the other hand, the companies also identified with availability of talent (58.5%), access to capital (43.9%), and access to clients (34.6%) as the top challenges in operating a business in Hong Kong. Exhibit 8: Approximate Total Amounts Raised To-date by Surveyed Fintech Companies (in US$) Exhibit 9: Advantages of Running a Business in Hong Kong Exhibit 10: Challenges of Running a Business in Hong Kong Number of Companies Approximate Amount of Total Funds Raised (US$) 1-100,000 12.3% 500,001-1,000,000 6.2% 1,000,001-5,000,000 100,001-500,000 20.8% 5,000,001-10,000,000 6.9% >10,000,000 10.8% Access to clients Access to clients 60.0% 43.9% 55.4% 35.4% 50.8% 70.8% 54.6% 3.9% 34.6% 43.9% 25.4% 58.5% 31.5% 16.9% Ease of doing business Regulatory constraint Access to government subsidies/funding schemes Access to government subsidies/funding schemes World-class regulatory environment Access to capital Access to capital Low tax Others Availability of talent Availability of talent Others 0% 0% 0 15 10 5 25 20 13.1%