Investment in the fintech sector globally has risen, but so has competition for funding. Recent initiatives, such as the Hong Kong Monetary Authority’s (HKMA) Fintech 2025 strategy, will strengthen fintech’s role as Hong Kong’s next growth engine, but the city can do more to help its fintech sector compete with other fintech hubs in attracting funding.
Hong Kong has been immensely successful over the past four decades in its economic development.
Hong Kong’s economy has been rebounding strongly due to the progress in COVID-19 vaccinations, and recovering domestic and external demand, but targeted policy support to hard-hit sectors and supportive credit…
Hong Kong’s economy has been rebounding strongly due to the progress in COVID-19 vaccinations, and recovering domestic and external demand.
Hong Kong’s economy has been rebounding strongly due to the progress in COVID-19 vaccinations, and recovering domestic and external demand, but targeted policy support to hard-hit sectors and supportive credit conditions remain important to safeguard the recovery.
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Hong Kong’s economy remains resilient, buttressed by ample fiscal and foreign reserves, and strong banking system capital buffers. The economy is expected to rebound in 2021 on the back of recovering private consumption and strong global demand.
In Hong Kong, China[1], the transition from face-to-face to contactless interactions has been swift and widespread as a result of the COVID-19 pandemic.
Hong Kong’s sound macro fundamentals are well known. The economy is very well run. Businesses pride themselves on delivering high-quality goods and services. The workforce is efficient, driven, and of high quality. Rules are clear and applied consistently.
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Hong Kong’s economy and financial system remain resilient despite pronounced deterioration of growth and employment conditions due to the COVID-19 pandemic.
