Hong Kong and Australia ink fintech collaboration deal

It aims to assist businesses seeking capital and overseas expansion in each other's markets.

The FinTech Association of Hong Kong and FinTech Australia have signed a memorandum of understanding to enhance the support network for fintech businesses seeking investment and expansion into one another’s markets last February 1. 

According to a press release, the MOU aims to strengthen industry ties between the two markets by connecting investors to businesses seeking capital. 

The deal will also facilitate the exchange of resources and information on policy developments and enable the two markets to collaborate on R&D initiatives. 

“Partnerships like this are critical to ensuring the sustained success of the global FinTech industry. The ties between Hong Kong and Australia have historically always been strong and we look forward to improving them still further,” said FTAHK General Manager Musheer Ahmed.