WeBank, a leading digital banking firm based in Shenzhen, has announced its intention to set up its technology headquarters in Hong Kong, with a planned investment of up to US$150 million. This initiative aims to generate a significant number of high-skilled technology positions in the city. The Hong Kong government has expressed support for WeBank's plans, with the Financial Services and the Treasury Bureau (FSTB) and Invest Hong Kong (InvestHK) collaborating to facilitate the establishment of the company's technology hub.
WeBank has selected Hong Kong as the location for its technology company headquarters, where it will conduct research and development and bring technology solutions to global markets. Hong Kong, recognized as a pivotal player in the Belt and Road Initiative, was chosen by WeBank for its forward-looking approach to embracing cutting-edge technologies and its dynamic fintech ecosystem. Moreover, Hong Kong's established international financial services sector makes it an optimal choice for hosting the bank's new headquarters.
Alpha Lau, director-deneral of InvestHK, said, “The establishment of WeBank’s operation in Hong Kong has been the result of extensive co-ordination between the FSTB and InvestHK to ensure that the company is well positioned for success upon commencing its activities in our city. The numerous strategic enterprises that have recently announced the opening of international research and development (R&D) centres and headquarters in Hong Kong is clear evidence that our city possesses clear advantages in enabling globally scaled companies to achieve their ambitions. InvestHK warmly welcomes WeBank and remains fully committed to facilitating the establishment and growth of forward-thinking enterprises in our dynamic and vibrant business environment”.
Meanwhile, Li Nanqing, President of WeBank, shared, “Hong Kong has emerged as a centre of excellence in global business connectivity and financial technology innovation. It offers us an ideal environment to advance our innovation and expand our international footprint. We are excited to contribute to and benefit from the city’s dynamic fintech ecosystem, robust infrastructure, and strategic connectivity. We look forward to collaborating with local partners and stakeholders and attracting talent on this exciting next step of our journey”.
WeBank, with a customer base spanning more than 4.5 million micro, small, and medium-sized enterprises, as well as nearly 400 million individuals in Mainland China, is celebrated for its inclusive financial services. Acknowledged globally by the International Data Corporation as a benchmark in digital banking, WeBank leads in fintech innovation, specializing in AI, blockchain, cloud computing, and big data. The company has filed over 3,800 patent applications to date, underscoring its commitment to technological advancement.