16 March 2021
.jpg)
The inexorable rise of Fintech in Hong Kong, the wider region and globally means it is now on everyone’s agenda – from banks, to regulators, to government. This Q&A highlights the key regulatory focal points, what’s on the agenda in the coming 12 months and how Fintech activities are evolving in Hong Kong as a consequence.
- What legislative and regulatory provisions govern the fintech space in your jurisdiction and who enforces these?
- How are the regulators adapting to fintech?
- Are there specific regulatory provisions that have recently changed or been put in place through Fintech’s use of key technologies such as AI, Distributed ledger technology and cloud computing for example?
- How are fintech companies exposed to data protection and AML regulations in your jurisdiction?
- Which aspect of the fintech industry and specifically which services stand out in your jurisdiction?
- How are FinTech companies most commonly structured and financed in your jurisdiction?
- How do they fit in the overall financial services ecosystem?
- Are there any trade associations or interest groups for the FinTech sector?
- Are there specific government incentives in place to encourage the development of local talent and to help Fintech companies recruit?
- How do you see the fintech industry in your jurisdiction over the next 12 months?
Click here to read the full Q&A.
For further information, please contact:
Etelka Bogardi, Partner, Norton Rose Fulbright Hong Kong
Etelka.Bogardi@nortonrosefulbright.com
