PANews reported on March 14 that according to Cryptonews, according to a recent report released by Invest Hong Kong and its partner agencies, Hong Kong's blockchain application and software industry has grown by a substantial 250% since 2022. This surge highlights Hong Kong's growing prominence as a center for the development of financial technology and digital assets in Asia.

The report analyzed 1,100 fintech companies operating in Hong Kong in July 2024, and the results showed that various fintech sub-sectors have achieved significant growth. There are currently 175 blockchain companies in Hong Kong, and the industry has achieved significant growth, especially application/software companies, which have grown by 250% in the past two years. The digital asset and cryptocurrency sector has also risen by nearly 30%. The report shows that Hong Kong currently has the most fintech companies in the fields of wealth technology, blockchain, digital assets and cryptocurrencies, payments and remittances, and other fintech enterprise solutions.