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How Hong Kong Stands Out as a Top Fintech Hub

2 63 7
27.09.2021

Hong Kong has taken a leap to develop in the fintech industry over the past decade. Yet, to win the vigorous competition, it is essential to have strong fundamental building blocks.

As the Covid-19 pandemic has changed consumer behavior, startups have been pushed to go beyond innovation and digital transformation. The rise of fintech is now coming into the limelight than ever for financial institutions. With well-developed information and communication technology, Hong Kong has ramped up its efforts and made its way to become an international fintech hub despite its small size.

Here are four reasons why Hong Kong stands out as a top fintech hub with its fintech development.

Over the past couple of years, regulators in Hong Kong have propelled the fintech ecosystem by issuing some landmark regulations. The recent issuance of virtual banking licenses in Hong Kong has set a good example to neighboring countries........

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