Wu said that the Global President of the Hong Kong Investment Promotion Agency (Financial Services and Technology, Sustainable Development), Liang Hanjing, stated that in the first eight months of this year, the Investment Promotion Agency assisted 59 fintech companies in establishing or expanding their business in Hong Kong, an increase of 44% compared to the same period last year. These 59 companies come from 12 economies, with 40% from Mainland China and the rest from the United States, France, Singapore, Canada, and the United Kingdom. The Hong Kong fintech industry has seen several sectors with more companies opening in Hong Kong in recent years, such as digital assets, blockchain, and Internet 3.0. This year, a very strong digital bank from Mainland China established a fintech subsidiary in Hong Kong, using it as its international headquarters to expand its business globally.