Red Envelope: The Pearl of Orient

This is the first episode of our new series focused on Innovation
in Asia - Red Envelope. Asia has proven to be a hotbed for
Fintech innovation, where the consumer base, mobile penetration
and lack of legacy have given way to leap frog moments. 


In this episode, Theodora Lau and Arun Krishnakumar talk to
Charles D'Haussy about the Hongkong ecosystem. Charles is the
Director Strategic Initiatives at ConsenSys, and previous to that
Head of Fintech at Invest Hongkong.


Hong Kong, also known as the “Peal of Orient”, is home to 7.4
million people from countries around the world. It consists of
Hong Kong Island, Kowloon peninsula (which borders mainland
China), and many smaller islands, with total footprint less than
Manhattan. It is a land of dream, hope, and resilience. It is
also a city filled with people who believe that hard work will
bring them a prosperous future, who continue to re-invent
themselves despite all odds.


Hong Kong is also the third most attractive financial center
globally and best in Asia according to the Global Financial
Centers Index (GFCI), with 159 banks (and 70 of the world’s 100
top banks) and 160 authorized insurers. The territory has seen
strong growth in fintech startups in the past two years,
especially in the areas of wealthtech and blockchain. This is
largely due to an open economy, strong support by the Hong Kong
Government, and favorable tax system. It is the link between the
East and the West, a landing pad for fintech companies eyeing
opportunities in Asia, and a launch pad for Chinese mainland
fintech companies expanding abroad.


Listen in for Charles' views on Hongkong, China and the Fintech
boom in the region that has become a case study for the world to
learn from.


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