New alliance launched in Hong Kong to help support local FinTech startups
FinTech was identified as one of the key areas to generate momentum for Hong Kong’s economic development, under ‘Smart Economy’ in the city’s Smart City Blueprint released last December. FinTech initiatives will also have an impact in the ‘Smart Living’ area of the Blueprint.
On January 24, a new alliance was launched in Hong Kong to help support local start-ups in the financial technology (FinTech) sector. The CSI Alliance has Cyberport, the Smart City Consortium (SCC) and IBM China/Hong Kong Ltd as its core members. It aims to foster collaboration between technology, academic and commercial stakeholders to address issues faced by FinTech start-ups and help accelerate their growth.
Cyberport is a digital startup hub with 1000 digital tech companies, including nearly 250 FinTech companies. It provides full-range entrepreneurial support and value-added services for start-ups and is managed by Hong Kong Cyberport Management Company Limited, which is wholly owned by the Hong Kong SAR Government.
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