FinTech finally formal in Hong Kong

Following on from their growing success with the StartMeUpHK programme, InvestHK (the inbound investment arm of the Government of the Hong Kong SAR) has recently spawned a new department under the catchy name of "Hong Kong FinTech". They explain why on their spanking new website, hongkong-fintech.hk, which also has some useful steps to setting up shop in this energetic city. Follow them on Twitter (@hongkongfintech).

This new department is headed by Charles D'Haussy, ex-VP of Sales & Business Development at 8 Securities, who on his LinkedIn profile says that he will focus on "Payments/Billing Tech, Wealth Management Tech, Money transfer/remittance, BlockChain, InsuranceTech, RegTech".

Charles (@charlus) will be supported by a Deputy Head of FinTech based in London, Thorsten 霍獅騰 Terweiden. His first job will be to recruit all promising startups looking for a way to survive in the wake of the Brexit traumas!

This winter (7-11th November, 2016), they will be running Hong Kong FinTech Week in cahoots with Finovate Asia, an event by the Finovate Group from Seattle, USA. (Follow them on LinkedIn and Twitter).

There is renewed energy in the industry as the "FinTech Supervisory Sandbox (FSS)", originally announced by the Hong Kong Monetary Authority, has now been backed by the Securities and Futures Commission and the Office of Commissioner of Insurance. See the SCMP article.