Hong Kong: Opportunities within Fintech
Hong Kong has a long history as a banking and finance hub in Asia. The financial sector employs over 200 000 people and around 70 of the largest 100 banks in the world have an operation in Hong Kong. Furthermore it is a gateway for doing business in China with a rising amount of technology start-ups and a robust ICT infrastructure with high digital usage. Some of the already established alternative financial services seen in Hong Kong are: peer-to-peer lending, equity crowd-funding and innovative loans for small businesses. Other FinTech areas identified as potential for fast growth are wealth management, data analytics and crypto-currencies. Sweden have many successful companies and solution within Fintech which could be well suited for the Hong Kong market or expansion to Asia. The market regulations within the financial sector is however still complex and Business Sweden can be your local partner to ensure what local adjustments are needed and how to succeed on the market.