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Frustration as Covid controls dent Hong Kong’s fintech ambitions | South China Morning Post

August 30, 2022
Source: scmp.com scmp.com
News Snapshot:
Hong Kong’s position, both geographical and economic, offers many advantages in the development of fintech. Proximity to the hi-tech hub in neighbouring Shenzhen is one. Its complementary relationship with local banking needs is another. Unfortunately, they are being eroded by ongoing tough Covid-19 restrictions. A Google survey of top executives at fintech companies confirms what most in the industry already know: a “severe talent gap” has opened up due to intense competition from other hi-tech hubs such as Singapore to secure skilled and experienced manpower. Call it a brain drain or talent shortage, business prospects are hurting as more fintech...
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