UK-Hong Kong FinTech Partnership and Initiatives

UK-Hong Kong FinTech Bridge The DIT FinTech Awards FCA-HKMA Cooperation Agreement

The UK has entered into a FinTech Bridge agreement with Hong Kong. The bespoke agreement creates valuable opportunities for the UK by overcoming barriers to international market entry and linking UK-based FinTech companies with opportunities in Hong Kong and vice versa. By sharing knowledge and best practice with Bridge jurisdictions, and aligning international FinTech policy development, the bridge increases opportunities for FinTech firms to export solutions to key markets at pace. The DIT FinTech Awards is one of the events being carried out under the FinTech Bridge. It offers FinTech companies from Hong Kong an excellent opportunity to explore the UK’s world-leading FinTech ecosystem, get connected to potential partners, clients and investors and get the right information to set up in the UK. The awards are open to Hong Kongheadquartered companies and the winners will get a bespoke programme in the UK. Under the agreement, the UK’s Financial Conduct Authority (FCA) and the Hong Kong Monetary Authority (HKMA) will give assistance to FinTech companies when they establish overseas operations in the UK and Hong Kong. When a referral is received, the regulators will provide assistance to the FinTechs in understanding the regulatory environment, explaining whether the rules and regulatory schemes may impact the FinTechs.