Hong Kong Exchanges and Clearing Limited (HKEx) announced today that it has become a supporting organization of the SuperCharger Accelerator, a Hong Kong venture dedicated to help both FinTech start-ups and more established financial technology companies capture opportunities in growing markets of Asia.
The SuperCharger Accelerator aims to leverage on Hong Kong’s traditional position as Asia’s finance and technology hub. HKEx says that the historic opening up of China’s capital markets offers tremendous opportunities across multiple asset classes, and it has been setting the pace with solutions such as the Shanghai-Hong Kong Stock Connect.
“Harnessing the vibrant creativity that Hong Kong’s start-up community offers is hugely important to our future,” said Charles Li, Chief Executive of HKEx. “We are excited to be partnering with the SuperCharger Accelerator and look forward to working together with its participants over the coming months, and we hope beyond.”
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As the core infrastructure operator of Hong Kong’s financial markets, HKEx touches almost every aspect of the trade life-cycle in the region. It believes that the program will allow HKEx to share knowledge and explore collaboration with some of the leading creative minds in FinTech. It joins the previously announced supporting organizations such as Microsoft and EY as well as Founding Sponsors Standard Chartered, Baidu and TusPark Global Network.
The FinTech scene in Hong Kong has recently been very active and competition in the segment has been heating up. In July, the FinTech Innovation Lab of Hong Kong chose seven firms for its latest accelerator program.