Hong Kong must up its game to win the fintech battle

Battling for supremacy in the fintech space, Hong Kong is slipping behind Singapore in the race to become a global leader. Here's why.
Singapore and Hong Kong’s decades-old tussle for position as Asia’s premier financial centre has evolved a uniquely modern twist. Both cities have been investing hundreds of millions of dollars to take the lead in the field of financial technology fintech.
 
However, these rivals are not competing on a level playing field. Their respective fintech weeks’ illustrate how perhaps mismatched their rivalry has become. Over the past couple of years, both cities have held similar conferences, at similar times. Organisers of this year’s Hong Kong fintech week expect over 3,000 executives while the week-long Singapore fintech Festival in 2017 had more than 30,000 participants.
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