Hong Kong Fintech Week 2020 , Hong Kong Blockchain Week

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Last year the Hong Kong Monetary Authority announced that eight virtual banks had been selected to receive banking licences . These eight , including the likes of Ant SME , Livi VB and the Standard Chartered-backed SC Digital , represent a snapshot of the digitally disruptive financial services industry that ’ s taking hold in Hong Kong . Indeed , in recent years , the location has been widely recognised as one of the world ’ s leading fintech hubs – according to InvestHK , for example , as of 2017 , 48 of the world ’ s leading fintech companies are reaping the rewards of the city ’ s technologically advanced ecosystem . Particularly hot are digital banking and payments , wealthtech , AI and cryptocurrency developments . www . fintechmagazine . com