Cyberport recently confirmed that the application stage for Phase 2 of the Fintech Proof-of-Concept Subsidy Scheme, commissioned by the Financial Services and the Treasury Bureau (FSTB), had been closed at the end of June 2021. As mentioned in a release, dated August 26, 2021: “Together with Phase 1, a total of over 160 valid applications were received. Of these, 93 were approved on the advice of a multi-disciplinary advisory panel, involving a total grant of HK$10 million.” Approved initiatives range across categories such as Wealthtech , Regtech , Insurtech and payment systems, the announcement noted. Notably, fourteen approved projects involve...