Hong Kong Asia s Largest Financial Center and Gateway to China

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1 Hong Kong Asia s Largest Financial Center and Gateway to China

2 Fundamentals 15.9% of GDP 6% of workforce 12% export

3 Fundamentals 3rd Global Financial Center Major FinTech Hub 70 of World's Largest 100 Banks in HK Leading Asset Management hub Offshore RMB Center Regional Connectivity One Belt One Road initiatives China In / Outbound Gateway Financial Services Renovation + Innovation Growth Stage FinTech Mature & Stable Regulations Smart City Initiatives CEPA Regional Trade Agreement

4 Growth Jul 14 Sept 14 Second FinTech Accelerator Nov 14 StartmeUp Hong Kong FinTech Day Feb 15 Government Budget Speech Apr 15 FSTB paper Fintech Liaison Offices 2016 HKMA Sandbox SVF Licenses SFC circular NON face-toface account opening ASTRI BlockChainlabs HK Fintech week Cyberport extension First FinTech Accelerator

5 Growth 130+ FinTech Start-ups 2 FinTech Poles of excellence 3 FinTech Accelerators 200+ FinTech Events 4 liaison offices Leading RegTech research Big 4 consulting FinTech leadership in HK Growing FinTech university Programs Market footprint expansion Numerous FinTech successes & business milestones SVF / Non face to face onboarding / SandBox / R&D labs

6 Two Years of Change Government Budget Speech FSTB White paper Invest HK dedicated Fintech sector SFC FinTech Contact Point HKMA s FinTech Facilitation Office Regulatory Sandbox launched ASTRI BlockChain whitepaper FinTech Week Series in Nov 2016 CyberPort Fintech Smart-Space FinTech Finals 2017 edition FinTech Year 1 ( ) FinTech is Private Sector Led FinTech Year 2 ( ) FinTech Supported by Government Contributions

7 Government Initiatives FinTech in Hong Kong is private sector led Government supports the sector via : FSTB Fintech Coordination Group and initiatives InvestHK / SFC / HKMA / IA / CyberPort / Science Park / ASTRI FinTech Contact Points Poles of excellence FinTech Week + Fintech Finals networking events Series FinTech R&D funding schemes / FinTech Labs

8 Super Connector to China, Asia & Beyond A unique FinTech business pipeline Pearl River Delta: GDP US$1,328bn Population 120m people

9 Super Connector to China, Asia & Beyond A unique FinTech business pipeline Belt and Road

10 FinTech Sectors Priorities Cyber Security RegTech BlockChain InsurTech WealthTech

11 Services of InvestHK Free & confidential services : 1. Bank accounts - Working visas - Office space - Schooling 2. Introduction to regulators : SFC, HKMA, Insurance Authorities 3. Introductions to HK innovation centers : ASTRI / Cyberport / Science Park / Lok Ma Chau Loop 4. Networking opportunities 5. Business introductions 6. Government support schemes guidance

12 Highlights Business Opportunities: The world 3 rd largest financial services center consumes a lot of technologies SFC Non face to face account opening (Circular of 24 October 2016) Unique proposition of Hong Kong > HK + South of China = 120M potential customers Reputable and Supportive Business Environment : Central location in Asia Access to China Ease of doing business World class infrastructures Low and simple tax regime Rule of Law Dynamic talent pool

13 Highlights Strong Government Supports: Tech vouchers Scheme: HKD 200,000 for SMEs to upgrade their business Internships Scheme : Employ a local graduate and receive up to HKD16K/month for maximum 2 years R&D : Up to HKD 10,000,000 support by HK government for R&D projects Investment : HKD 5 billion fund for co-investing in start-ups Talents : Training financial services professionals - HKD7,000 per year per head Innovations : HKMA sandbox with banks, R&D supports

14 Hong Kong FinTech Week Nov ,500+ participants 100+ speakers 170+ media coverages

15 Hong Kong FinTech Week 2016 Pencil down your agenda for the next edition in November 2017

16 FinTech Finals January 2017, Hong Kong, PMQ 1,000 Attendees 200 CEOs & Founders 50 Nationalities 24 Live Start-ups Pitches FF17 FINALISTS selected through semi-finals in : Sydney / Kuala Lumpur / Sao Paulo / Shanghai / Singapore / Bangalore / Melbourne / Seoul / Tokyo / Mumbai / NYC

17 Contact Us Get in Touch Charles d Haussy Head of Fintech, Hong Kong cdhaussy@investhk.gov.hk Thorsten Terweiden Deputy Head (Fintech), London thorsten_terweiden@hketolondon.gov.hk Newsletter & Social Media USA Office Q fintech@investhk.gov.hk Thank you! Q&A