CEO Insights Magazine

Ever since the pandemic, Hong Kong’s startup ecosystem has acquired momentum. If the latest statistics from Invest Hong Kong (InvestHK) are anything to go by, the number of startups in the city reached a record high of 4,694 this year. This implies a 10 percent increase compared to last year and approximately 40 percent more than in 2020. This growth can be attributed to ever-increasing government support and growth in sectors like Fintech, healthcare and green technology. Fintech plays an important role in this trajectory and looks good for some sunny days ahead.

There are reports that many leading European Fintech companies are planning to open shops in Hong Kong as their Asia base. Financial Secretary Paul Chan Mo-po echoed the same feeling after his recent trip to a global economic forum in Switzerland, eyeing to expand the city’s network. Something that will further contribute to this growth prospects is an intervention from the Fintech Association of Hong Kong (FTAHK) to ensure Hong Kong gets its Fintech Artificial Intelligence Framework right. FTAHK has launched the FTAHK AI Strategic Advisory Council, a dedicated committee aimed at exploring and promoting responsible AI in Hong Kong’s financial sector. The council will advise the FTAHK Board to uncover the transformative potential of AI for the financial services sector to understand how to harness the technology, according to a press release. It’s interesting times ahead of the city, and we think it is the right time to release our yearly special issue featuring some of the dynamic leaders in Hong Kong’s FIntech startup ecosystem. Do let us know your thoughts.