Hong Kong anticipates continued growth in its fintech ecosystem, emphasizing blockchain, digital assets, distributed ledger technology, and artificial intelligence.
Growth of Fintech Industry in Hong Kong
Hong Kong is home to over 1,100 fintech companies, including 175 blockchain application firms and 111 digital asset companies, marking a 250% and 30% increase since 2022. The growth of the Web3 industry in Hong Kong is attributed to proactive government policies and an active licensing regime.
"One Country, Two Systems" Policy Utilization
The InvestHK report highlights that Hong Kong leverages China's "one country, two systems" policy effectively, maintaining a free-market economy, unrestricted capital flow, and strong trade relations, benefiting from proximity to mainland China.
HKMA's 2025 Strategy
In 2021, the HKMA unveiled a strategy to establish itself as a financial hub by 2025, including encouraging fintech adoption among banks, enhancing readiness for central bank digital currencies, and developing new data infrastructure.
Hong Kong continues to strengthen its position as a global fintech hub by actively pushing innovations and improving its adaptation methods to global economic changes.
