HK FinTech Buzz Index
HK FinTech Buzz Index 2021Q1
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 1,288 news articles posted between January and March 2021, the Hong Kong FBI for the first quarter (Q1) of 2021 is computed to be 101.7, showing a moderate decline of 1.9 index points (or 1.83%) in the fourth quarter of 2020 (2020 Q4).
Performance differed across the six sectors, with a rise recorded in the sectoral indices of InsurTech, RegTech & Cybersecurity, and Supporters & Others. The rise in the InsurTech sectoral index can be attributed to the event of ZA Bank being granted an insurance agency licence by Insurance Authority, to acts as an agent of ZA Insure. The fact that HKSTP has been rolling out its Banking Virtual Lab with Hang Seng and HKMA’s plan in enhancing its FinTech Supervisory Sandbox led the RegTech sectoral index to reach its historical high. Financial development in the Greater Bay Area also contributed to the increase in the index for the Supporters & Others sector. On the other hand, the decrease in the Blockchain & Cryptocurrency sectoral index was mainly due to the concerns with regards to regulation on cryptocurrency.