Hong Kong's Fintech Sector Sees Significant Growth and Future Projections

According to BlockBeats, Hong Kong Chief Executive John Lee announced at the Hong Kong Fintech Week 2025 that the city now hosts over 1,200 fintech companies, marking a 10% increase from the previous year. By 2032, the fintech industry's total revenue is expected to surpass $600 billion, with an annual growth rate exceeding 28%. In the first nine months of this year, initial public offerings (IPOs) in Hong Kong have raised over $23 billion. The Capital Investment Entrant Scheme will be relaxed to attract more investors into the fintech sector. Additionally, Hong Kong is exploring tokenization in traditional finance and utilizing regulatory sandboxes to foster innovation and prudent risk management. The city is accelerating its innovation and technology transformation, focusing on artificial intelligence, life and health sciences, and new energy, aiming to help emerging industries achieve scale and prosperity.