In Asia, China is still the market setting the pace for FinTech innovation. China’s Greater Bay Area (GBA), covering nine cities in Guangdong in addition to Hong Kong and Macau-is one of China’s most important financial hubs. The aggregation of 11 cities covers 56,000 square kilometres and is home to 71 million people that generate $1.4 trillion in economic output. It includes Hong Kong, a well-established international financial center, and Shenzhen, an emerging global financial powerhouse home to the Shenzhen Stock Exchange and some of the world’s leading fintech and technology companies.
With policies to liberalize China’s controls on foreign exchange and boost cross-border capital flows in this area, the GBA has unrivalled potential for financial inclusion and Fintech development. It offers exciting opportunities to startups operating in insurance, securities, wealth management, blockchain, big data, and AI. However, integration has long been a sticking point as the region uses three different currencies (the Hong Kong Dollar, Macanese Pataca, and Chinese Yuan) and is governed under three distinct administrative systems.
Join our session with Asia’s Fintech experts, Zennon Kapron and Will Haskins, to discover the opportunities and risks the GBA presents to German startups.
Speakers:
- Zennon Kapron, Founder & Director of Kapronasia
- Will Haskins, Content Director, Asia, Money20/20
- Petrina Seah, Program Director, China at German Accelerator (Moderator)
Questions the session will cover:
- What is the current landscape of the Fintech industry in this area? How do China’s tech titans play in this area?
- What is the impact of the Greater Bay Area on Hong Kong as a financial centre?
- What is the likely future of fintech regulation in GBA for both local and foreign players? What are the opportunities and challenges for Fintech startups in the Greater Bay Area?
- Are Fintech regulations tighter in Europe than in China? In what way and why?
