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According to an interview with Hong Kong Wen Wei Po, Xiao Geng, Director of the Policy and Practice Research Institute at the Chinese University of Hong Kong (Shenzhen) Institute of Advanced Financial Studies, stated that there are currently over a thousand fintech companies developing in different fields in Hong Kong, covering various areas such as mobile payments, cross-border wealth management, artificial intelligence financial service consulting, wealth and investment management, and compliance technology. These companies include eight virtual banks, four virtual insurance companies, and two licensed virtual asset trading platforms. The Hong Kong SAR government is vigorously promoting the development of financial technology in Hong Kong, and will continuously enhance Hong Kong's financial technology competitiveness in the future. @drug01
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