(Full Version: Cyberport showcases start-ups@Hong Kong FinTech Week)

Cyberport showcases start-ups@Hong Kong FinTech Week
Closer partnership with HKMA bolsters support for Hong Kong and Mainland FinTech companies

26 October 2017 – Cyberport kick-started five days of events at the Hong Kong FinTech Week, which opened on Monday (23 October) at the Hong Kong Convention and Exhibition Centre. FinTech Week gathers FinTech entrepreneurs, investors, innovators, regulators, and movers and shakers from around the world to explore the future of this booming industry. As the leading FinTech incubator in Hong Kong, Cyberport hosts thematic seminars and discussion panels to examine hot FinTech topics such as blockchain, cybersecurity, InsurTech, and wealth management.

Following a successful debut last year, this year’s Hong Kong FinTech Week highlights Hong Kong’s strengths as a FinTech hub, including in fundraising, incubator and accelerator programmes, as well as the city’s close ties and unparalleled opportunities with Mainland China, in the Greater Bay Area, and along the Belt and Road.

On 25 October, Cyberport also announced a closer partnership with the Hong Kong Monetary Authority to provide cross-border incubation to FinTech companies in Hong Kong and Shenzhen. Under the enriched partnership, both parties will explore the feasibility of establishing cross-border incubation facilities centre in Shenzhen. The centre will allow Hong Kong FinTech companies to access the space and business support provided by Shenzhen’s Office of Financial Development Service to facilitate their business expansion to the Mainland. At the same time, Mainland FinTech companies can use this platform to establish a foothold in Hong Kong with the support of Cyberport.

“Hong Kong FinTech is undergoing unprecedented growth this year, which has created many new opportunities that enable our start-ups and digital tech companies to grow faster and go farther,” said Herman Lam, CEO of Cyberport. “At Cyberport, aside from a surge in local and overseas start-ups, a rise in deal flows, and an increase in FinTech subdivisions, our FinTech ecosystem of more than 200 start-ups has grown in diversity and vibrancy. For example, TNG, one of Cyberport’s home-grown FinTech start-ups, recently raised US$115 million in series A funding and expanded its business to the UK market. The company now serves customers in a total of 14 markets worldwide.”

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