6 HK FinTech Companies Elected As “Top 20 Greater Bay Area FinTech Flying Fish Enterprises"

Source: Hong Kong Computer Society

Six FinTech enterprises from Hong Kong, including Magnum Research Limited, Fano Labs Limited, OneDegree Hong Kong, Ping An OneConnect Bank (Hong Kong) Limited, Velotrade Management Limited and ZA Bank Limited have been elected for the first “Top 20 Greater Bay Area FinTech Flying Fish Enterprises", demonstrating the advanced level and fruitful achievements of the local FinTech development.

The "Top 20 Greater Bay Area FinTech Flying Fish Enterprises", was organised by

Shenzhen-Hong Kong-Macao FinTech Alliance, Hong Kong Computer Society (HKCS), and Shenzhen FinTech Association, co-organised by KPMG China, and was strongly supported by the Innovation and Technology Bureau of the Government of the Hong Kong SAR, InvestHK of the Government of the Hong Kong SAR, Shenzhen Municipal Financial Regulatory Bureau, Shenzhen Association of Science and Technology, and Futian District People's Government. The nomination event is held

once every two years, aiming to identify the key backbone of financial technology development and innovation, further stimulate the innovation and development vitality of financial technology in the Greater Bay Area, exert the advantages of multiple systems, market-orientation and openness, and accelerate the cross-boundary financial connectivity of the Greater Bay Area, thus promoting complementary integration of local advantages and functions.

The first "Top 20 Greater Bay Area FinTech Flying Fish Enterprises" are listed as the following:

(Remarks: Those companies in Guangzhou, Shenzhen and Zhuhai may not get an official English company name. Please check with individual company.)

The judging of the "Top 20 Greater Bay Area FinTech Flying Fish Enterprises" was officially launched at the end of June 2021. There were over 100 companies from Shenzhen, Zhuhai, Guangzhou, Hong Kong and other cities in the Guangdong-Hong Kong-Macao Greater Bay Area enquired or registered to participate. Their business scope covers widely from wealth technology, regulatory technology, inclusive technology, payment technology, insurance technology, cloud computing and automation, to big data and artificial intelligence, platform technology empowerment, supply chain technology, blockchain, privacy computing and safety. In total, there were 26 FinTech enterprises from Hong Kong participated.

After the primary selection, more than 40 companies were shortlisted, and then they went through a series of selection processes of risk screening, site visits, expert review and so on. The final list of 20 enterprises was made by a professional judging committee, based on the level of scientific and technological innovation, business model innovation, capital and market recognition and other criteria of the enterprises.

"‘The Top 20 Greater Bay Area FinTech Flying Fish Enterprises' can help support the development of local FinTech enterprises, and help the industry practitioners to enter the Greater Bay Area market especially start-ups, which in turn, help improve the overall level of the industries in Hong Kong. "

As one of the organisers and member of the professional judging committee, Dr. Rocky Cheng, President of HKCS, said: "On behalf of the Hong Kong Computer Society, I would like to express my congratulation to the FinTech enterprises from Hong Kong that have been nominated as one of the ‘Top 20 Greater Bay Area FinTech Flying Fish Enterprises’. This Top 20 list represents 20 fast growing FinTech enterprises in the Greater Bay Area, that have been demonstrating outstanding competitive advantages, strong technological innovation capabilities and huge future growth potential, which are the important driving force of innovations to the industrial development, and it is of special significance for improving the FinTech industry echelon and building a FinTech ecosystem in the Greater Bay Area.”

The elected “Top 20 Greater Bay Area FinTech Flying Fish Enterprises” will get priority investment opportunities from FinTech related government funds and private investment, as well as opportunities to enter to the talent pool within the Greater Bay Area. All 20 elected enterprises will be shortlisted into the semi-final of 2022 Hong Kong FinTech Week – Global Fast Track Programme. Furthermore, all participants will be offered business matching with financial institutions in Greater Bay Area and increase publicity and promotion at the same time.

Dr. Rocky Cheng further pointed out, "‘The Top 20 Greater Bay Area FinTech Flying Fish Enterprises' can help support the development of local FinTech enterprises, and help the industry practitioners to enter the Greater Bay Area market especially start-ups, which in turn, help improve the overall level of the industriesin Hong Kong. This event, being co-hosted by Hong Kong and Shenzhen, and supported by the governments of both cities, is of great significance in, bringing closer relations between each other and laying a more solid foundation for further cooperation between the Hong Kong and Shenzhen technology sectors in the future.”