The School has completed an in-depth research study pointing way forward for Hong Kong’s development into a leading global fintech hub. Taking references from the experience of seven fintech hubs in the world — namely London, New York, San Francisco, Shanghai, Singapore, Tokyo, and Zurich, this first-of-its-kind comprehensive study outlines ten opportunities that Hong Kong should leverage to enhance its fintech capabilities.
With participation from diverse stakeholders in the industry, the research team’s key observations and recommendations spanning strategy setting, innovation and talent building are summarized in a report entitled “Hong Kong Towards a Leading Global Fintech Hub: Best Practices and Recommendations Through Examining Other World Hubs”.
The ten opportunities for fintech development in Hong Kong outlined in the study:
High-level Strategy
1. Establish a Hong Kong Fintech Ecosystem Committee
2. Establish a fintech infrastructure strategy
3. Transform Hong Kong into a regional fintech sandbox
4. Development the Commercial Data Interchange
Incentives to Innovate
5. Improve the effectiveness and impact of public funding on different stages of innovation
6. Establish a centralized incubation funding system
7. Review, evaluate and promote the tax deduction policy
Talent Building
8. Create a compulsory internship scheme specific to fintech students
9. Establish a stronger certification link between Continuing Education Fund, Qualification Framework and
the internship schemes
10. Review and evaluate the overseas talent scheme
Click here to download the full report.
