Cyberport injects new economy momentum, promoting Hong Kong’s digital technology developments

 KUALA LUMPUR, Aug 11 -- As a key promoter of Hong Kong's digital technology developments, Hong Kong Cyberport spares no effort in injecting new momentum into the economy.

Cyberport has the largest FinTech community in Hong Kong, boosting close to 400 FinTech companies offering financial software and services, financial data analysis, wealth management technology and payment technology, among others.

As the region's insurance hub, Hong Kong's insurance technology (InsurTech) has seen rapid developments. Currently, there are over 30 InsurTech companies in the Cyberport Community.

According to a statement, these companies provide diversified insurance technology solutions that run through the insurance sector's industry chain, propelling the industry's digital transformation.

Virtual insurance companies that adopt digital distribution channels are able to lower operating costs by utilising technologies and reducing insurance intermediaries, enabling them to provide simple and fragmented products with low premiums to promote insurance coverage.

Cyberport is a key incubator in Hong Kong that is focused on promoting the development and application of FinTech, smart living, digital entertainment & esports.

The company offers one-stop support for start-ups from proof of concept, to setting up business, marketing and expansion in overseas markets, with financial assistance provided reaching a maximum of HK$1.1 million. (HK$100 = RM54.097)

-- BERNAMA