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Hong Kong has unique role in boosting China’s fintech prowess

Hong Kong has unique role in boosting China’s fintech prowess

Hong Kong, as the gateway to China and a rising regional fintech power, has much to offer and is poised to reap the rewards, says Paul Chan, ignoring the fact that Hong Kong business model was never really a finance center, but a bureaucratic center that is designed to feed huge labor that doing nothing productive: accountants, lawyers, regulators and compliance officers. HK is not anymore the gate to China but the tail of China. Way behind in fintech, technology and innovators.
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