Hong Kong - Frankfurt Main Finance · • SFC FinTech Contact Point • HKMA’s FinTech...
Transcript of Hong Kong - Frankfurt Main Finance · • SFC FinTech Contact Point • HKMA’s FinTech...
Asia’s Largest Financial Center and Gateway to China
Hong Kong
15.9%of
GDP
6%of
workforce
12%export
Fundamentals
Fundamentals
• 3rd Global Financial Center
• Major FinTech Hub
• 70 of World's Largest 100
Banks in HK
• Leading Asset Management
hub
• Offshore RMB Center
• Regional Connectivity
• One Belt One Road initiatives
• China In / Outbound Gateway
• Financial Services
Renovation
+ Innovation
• Growth Stage FinTech
• Mature & Stable Regulations
• Smart City Initiatives
• CEPA Regional Trade
Agreement
Jul 14
First FinTechAccelerator
Sept 14
SecondFinTechAccelerator
Nov 14
StartmeUpHong Kong FinTech Day
Feb 15
GovernmentBudget Speech
Apr 15
FSTB paperFintech Liaison Offices
Growth
2014 2016
2016HKMASandbox
SVFLicenses
SFCcircular –NON face-to-
face account opening
ASTRI BlockChainlabs
HK Fintechweek
Cyberport extension
Growth
130+
FinTech
Start-ups
200+
FinTech Events
Leading
RegTech research
4
liaison offices
2
FinTech
Poles of excellence
Numerous FinTech successes & business milestones
SVF / Non face to face onboarding / SandBox / R&D labs
3
FinTech
Accelerators
Big 4 consulting
FinTech
leadership in HK
Market
footprint
expansion
Growing
FinTech university
Programs
Two Years of Change
• Government Budget Speech
• FSTB White paper
• Invest HK dedicated Fintech sector
• SFC FinTech Contact Point
• HKMA’s FinTech Facilitation Office
• Regulatory Sandbox launched
• ASTRI BlockChain whitepaper
• FinTech Week Series in Nov 2016
• CyberPort Fintech Smart-Space
• FinTech Finals 2017 edition
FinTech Year 1
(2014 - 2015)
FinTech Year 2
(2015 - 2016)
FinTech is
Private Sector Led
FinTech Supported by
Government
Contributions
Government Initiatives
• FinTech in Hong Kong is private sector led
• Government supports the sector via :
• FSTB Fintech Coordination Group and initiatives
• InvestHK / SFC / HKMA / IA / CyberPort / Science Park / ASTRI
FinTech Contact Points – Poles of excellence
• FinTech Week + Fintech Finals networking events Series
• FinTech R&D funding schemes / FinTech Labs
Super Connector to China, Asia & Beyond
A unique FinTech business pipeline
Pearl River Delta: GDP US$1,328bn Population 120m people
A unique FinTech business pipeline
Belt and Road
Super Connector to China, Asia & Beyond
FinTech Sectors Priorities
Cyber Security
RegTech
WealthTech
BlockChain
InsurTech
Services of InvestHK
Free & confidential services :
1. Bank accounts -Working visas - Office space -Schooling
2. Introduction to regulators : SFC, HKMA, Insurance Authorities
3. Introductions to HK innovation centers :
ASTRI / Cyberport / Science Park / Lok Ma Chau Loop
4. Networking opportunities
5. Business introductions
6. Government support schemes guidance
Highlights
Business Opportunities:
• The world 3rd largest financial services center consumes a lot of technologies
• SFC ‘ Non face to face account opening (Circular of 24 October 2016)
Unique proposition of Hong Kong > HK + South of China = 120M potential customers
Reputable and Supportive Business Environment :
• Central location in Asia – Access to China – Ease of doing business – World class
infrastructures
• Low and simple tax regime – Rule of Law – Dynamic talent pool
Highlights
Strong Government Supports:
• Tech vouchers Scheme: HKD 200,000 for SMEs to upgrade their business
• Internships Scheme : Employ a local graduate and receive up to HKD16K/month for
maximum 2 years
• R&D : Up to HKD 10,000,000 support by HK government for R&D projects
• Investment : HKD 5 billion fund for co-investing in start-ups
• Talents : Training financial services professionals - HKD7,000 per year per head
• Innovations : HKMA sandbox with banks, R&D supports
Hong Kong FinTech Week 2016
• 7 – 11 Nov 2016
• 2,500+ participants
• 100+ speakers
• 170+ media coverages
Hong Kong FinTech Week 2016
Pencil down your agenda for the next edition in
November 2017
FinTech Finals 2017
18-19 January 2017, Hong Kong, PMQ
• 1,000 Attendees
• 200 CEOs & Founders
• 50 Nationalities
• 24 Live Start-ups Pitches
FF17 FINALISTS selected through
semi-finals in :
Sydney / Kuala Lumpur / Sao Paulo /
Shanghai / Singapore / Bangalore /
Melbourne / Seoul / Tokyo / Mumbai / NYC
http://ff17.nextmoney.org
Contact Us
Get in Touch Newsletter & Social Media
hongkong-
fintech.hk
@HongKongFinTech
Charles d’Haussy
Head of Fintech, Hong [email protected]
Thorsten Terweiden
Deputy Head (Fintech), London
USA Office
Q1 2017
Thank you! Q&A