Hong Kong to promote Chinese mainland's fintech companies abroad

Hong Kong can help promote financial technology or fintech companies of the Chinese mainland globally and create access to international finance, a key department-level official of the Hong Kong Special Administrative Region said.

Charles d'Haussy, head of fintech at Invest Hong Kong, which is responsible for foreign direct investment or FDI, said the mainland's fintech sector is set for explosive growth, and can do with some guidance from Hong Kong, which has gathered tremendous expertise in the field over the years.

"The fintech in the Chinese mainland is business-to-customer or B2C, mainly coming from e-commerce giants such as Tencent and Alibaba. But Hong Kong is totally different and has been a business-to-business or B2B player since the beginning. The two different fintech ecosystems are complementary," d'Haussy said in an exclusive interview to China Daily.