HK FinTech Buzz Index
HK FinTech Buzz Index 2021Q4
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.
Having analysed 1,141 news articles posted between October and December 2021, the Hong Kong FBI for the fourth quarter (Q4) of 2021 is computed to be 99.7, showing a rise of 4.6 index points (or 4.8%) from 95.1 in the third quarter in 2021 (2021Q3).
An increase was recorded in all six sectorial indices. Among the six of them, the sectorial index of Blockchain & Cryptocurrency experienced the largest rise, which could be attributed to the promotion of the eTradeConnect platform and the growing popularity of Non-Fungible Tokens (NFT). The eTradeConnect platform together with the Cross-Boundary Wealth Management Connect Scheme also contributed to the substantial increase in the sectorial index of WealthTech & CreditTech. The rise seen in the sectorial indices of InsurTech and Payment & Digital Banking was respectively due to the introduction of virtual insurers and widening application of digital payment platforms. The RegTech & Cybersecurity sectorial index has slightly increased, which was because of the drop in the number of online scams relative to the previous quarter. The Supporters & Others sectorial index has also slightly risen, as positive expectations concerning the development of the Greater Bay Area were identified in the news articles.