HKU FinTech Indices reveal businesses' optimism on post-pandemic performance amid uncertainty on regulations and investment miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
106.9
All six sectoral indices moved upward mainly because of a series of activities between Hong Kong and the Greater Bay Area. Among six sectors, the Blockchain & Cryptocurrency sectoral index recorded the largest increase of 32.2 index points (or 47.4%) because of the completion of the first batch of blockchain-based cross-border trade transactions and the first trade finance transaction upon the connection of Hong Kong’s innovative trade finance platform eTradeConnect and the Mainland’s Trade Finance Platform. A roadmap developed by HKMA to promote RegTech adoption in the Hong Kong banking sector, announced in the HK FinTech Week, also brought good news to the RegTech & Cybersecurity sub-sector. Meanwhile, bitcoin scam involving an amount of 1000 bitcoins created negative impacts on both Blockchain & Cryptocurrency and RegTech & Cybersecurity sub-sectors, resulting in normal levels around 100.