Mainland Chinese fintech companies set up shop in Hong Kong to access Asean markets

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Companies receive support from city’s Office for Attracting Strategic Enterprises.

More than 10 companies from those strategic areas will set up offices in Hong Kong following a government push, the city’s finance chief said in early October.“Before setting up our headquarters here, we studied many places in Southeast Asia, such as Bangkok and Singapore,” Jiang said.“In the fintech industry, mainland Chinese companies are very competitive, and we are in a place where we can better connect the technology of these companies with the Southeast Asian market, and the sufficient capital here can help us to expand our business.

KN Group, a non-traditional provider of financial data, rented a floor spanning 8,000 sq ft in Taikoo Place, where it has 80 to 100 employees, the company said.

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Article Details

Author / Journalist: Salina Li

Category: Business

Markets: Hong KongChinaSingapore

Topics: Government Mainland Group Technology Strategic Kong Companies Data Financial Support Hong

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-10 @ 12:15:07 (3 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 331 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 56 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23569584

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