HK FinTech Buzz Index
HK FinTech Buzz Index 2020Q4
Hong Kong FinTech Buzz Index (FBI) is a quarterly index which represents a quantified sentiment of the local FinTech-related news articles in local Chinese news media.
According to the 2,426 news articles analysed in the past three months, Hong Kong FBI for the fourth quarter (Q4) of 2020 rebounds to 103.6, a sharp increase of 10.1 index points (or 10.8%) from the third quarter. Year-on-year (YoY) change is increased by 2.3 index points (or 2.27%)
All six sectoral indices moved upward mainly because of a series of activities between Hong Kong and the Greater Bay Area. Among six sectors, the Blockchain & Cryptocurrency sectoral index recorded the largest increase of 32.2 index points (or 47.4%) because of the completion of the first batch of blockchain-based cross-border trade transactions and the first trade finance transaction upon the connection of Hong Kong’s innovative trade finance platform eTradeConnect and the Mainland’s Trade Finance Platform. A roadmap developed by HKMA to promote RegTech adoption in the Hong Kong banking sector, announced in the HK FinTech Week, also brought good news to the RegTech & Cybersecurity sub-sector. Meanwhile, bitcoin scam involving an amount of 1000 bitcoins created negative impacts on both Blockchain & Cryptocurrency and RegTech & Cybersecurity sub-sectors, resulting in normal levels around 100.