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Hong Kong FinTech Buzz Index rebounds in 2020Q4 - Vimarsana News

Hong Kong FinTech Buzz Index rebounds in 2020Q4

106.9 All six sectoral indices moved upward mainly because of a series of activities between Hong Kong and the Greater Bay Area. Among six sectors, the Blockchain & Cryptocurrency sectoral index recorded the largest increase of 32.2 index points (or 47.4%) because of the completion of the first batch of blockchain-based cross-border trade transactions and the first trade finance transaction upon the connection of Hong Kong’s innovative trade finance platform eTradeConnect and the Mainland’s Trade Finance Platform. A roadmap developed by HKMA to promote RegTech adoption in the Hong Kong ba...