This is to mainly measure acquisition rate of FinTech companies in Hong Kong.
Among the four sub-indices, the Business Environment sub-index, measured by both internal and external factors on FinTech business operations and development, has seen the largest decline (14.6%) from the previous year.
The majority of them (89%) are startup businesses. Moreover, 7% of them are Unicorns, which are startup companies with values of over 1 billion USD.
According to the survey, the respondents perceived that “Safe and stable investment environment” and “External funding opportunities” posed increased challenges to FinTech businesses during this period.