Hong Kong: Financial Services Development Council Issues Report on Future of Fintech

The Financial Services Development Council (FSDC) has published a report called "The Future of FinTech in Hong Kong", outlining its strategy and position on fintech development.

According to the report, although it is a latecomer, Hong Kong could become the leading fintech centre within the region and one of the leading centres in the world if it continues to take proactive steps. Fintech could significantly change the financial services delivery model in Hong Kong, and as financial services make up 18 percent of Hong Kong’s GDP and 6 percent of its employment market, the impact of it could be considerable.

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