Hong Kong's FinTech Growth Index for 2019-20 grew by 52.9% compared with its base period from April 1, 2018 to March 31, 2019, which represents an optimistic outlook by partnered companies. It can be attributed to policies and measures which act as accelerators to foster a positive impact on the industry's development.
The anticipated growth of business performance, indicated by FinTech customer adoption rate grew by 113% as compared with the 2018-19 financial year, representing an optimistic outlook of the business development by the companies.
The business environment, measured by both internal and external factors on FinTech business operations and development, grew by a modest 5% in the same period. Although there is a positive effect of the internal factors by the companies in terms of funding and other capital allocations, it has been cancelled off by the relatively lower average rating on external factors such as investment environment, government policy and regulations.
Investment on R&D or product development, measured by the anticipated percentage change between 2019-20 financial year and the base period, grew moderately by 48.4%, mainly on areas including AI, big data and machines/deep learning (55.3%), followed by Blockchain (42.3%) and Customer experience (39.5%).
Demand on Talents, measured by the anticipated percentage change between 2019-20 financial year and the base period, grew moderately by 45.3%. On the required skills for new employees, Programming skills (68.4%) are the most preferable skills for new hires, followed by Marketing expertise (47.4%) and Knowledge of machine/deep learning and AI (42.1%)
HKU FinTech Indices reveal a positive outlook for 2020-21 despite negative impact from COVID-19 and protests
Jun 30, 2020
The HKU FinTech Index Series Project published the second-year Hong Kong FinTech Growth Index (FGI) and the 2020Q1 Hong Kong FinTech Buzz Index (FBI) to gauge local FinTech companies' outlook and the general sentiment on the sector as reported by the local press...
HKU FinTech Index Series - 2019Q4 HK FinTech Buzz Index declines
Feb 11, 2020
Hong Kong FinTech Buzz Index (FBI) is a quarterly index which represents a quantified sentiment of the local FinTech news articles in local Chinese news media.
According to the 2,315 new articles analysed in the past three months, Hong Kong FBI for the last quarter (Q4) of 2019 is 101.3, a drop of 3.2 index points (or 2.99%) from the third quarter of 2019 (104.5 for Q3, 2019) continuing on a downward trend from the peak in 2019Q2 and back to the level in 2018Q2......
Newly launched HKU FinTech Index Series shows positive outlook for 2020
Nov 8, 2019
A positive year for FinTech development is anticipated in 2020, according to two new FInTech indices launched by the University of Hong Kong.
The HKU FinTech Index Series Project introduced the Hong Kong FinTech Growth Index (FGI) and the Hong Kong FinTech Buzz Index (FBI) to gauge local FinTech companies' outlook on the industry and the general sentiment on the sector as reported by local press......