Hong Kong Govt: Fintech Ranking Behind Singapore Doesn’t Add Up

Hong Kong Govt: Fintech Ranking Behind Singapore Doesn’t Add Up

A new report from Deloitte has been dismissed by the Hong Kong government after it ranked the city fifth for FinTech and three spots behind Singapore. In a report from the South China Morning Post, it’s claimed that the study didn’t compare financial technology development, but financial and business environments together. According to Chan Ka-Keung, Secretary for Financial Services and the Treasury Profession, the report looked at three organizations which subsequently ‘ranked the competitiveness of financial centers, their innovation capacity and business environment.’ However, many....


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