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

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

Quick Summary:

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.