At the Forefront of Change

A growing number of more diverse and innovative fintech offerings are helping to map a new path for Hong Kong’s financial and investment communities

By Andrew Crooke

FEATURE | FINTECH Fintech is flourishing in Hong Kong. Already there are about 500 companies across sectors from blockchain and digital assets to payments and remittance, according to the Hong Kong FinTech Report 2023, released in October by the FinTech Association of Hong Kong (FTAHK), in collaboration with FinTech Consult. These companies are also appealing places to work, it seems. Across Hong Kong, fintech accounts for more than 25,000 employees—which, at 0.66 per cent of the total local workforce, represents the highest percentage in Asia, according to FTAHK’s research. Singapore is next, with 0.29 per cent. At the same time, fintech is proving a resilient part of the financial industry. While overall funding of fintech companies has plummeted from the all-time high of 2021, investments over the past 12 to…

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Tatler Hong Kong (Digital) - 1 Issue, December 2023

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