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HKU pointed out that the financial technology industry is optimistic about the prospects, but 70% of the respondents pointed to talent recruitment as a challenge

2020-07-05T23:19:15.398Z

The University of Hong Kong launched the second annual Hong Kong Fintech Development Index (FGI) and Hong Kong Fintech Market Quarterly Sentiment Index (FBI). The results show that the fintech service industry is optimistic about the prospects, but 70.4% of the companies surveyed regard recruitment as their The main challenge is to adopt a more cautious and passive attitude in talent recruitment.



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Written by: Huang Yingjin

2020-07-05 17:11

Date of last update: 2020-07-05 17:16

The University of Hong Kong launched the second annual Hong Kong Fintech Development Index (FGI) and Hong Kong Fintech Market Quarterly Sentiment Index (FBI). The results show that the fintech service industry is optimistic about the prospects, but 70.4% of the companies surveyed regard recruitment as their The main challenge is to adopt a more cautious and passive attitude in talent recruitment.

The outlook for the fintech service industry is optimistic but it is difficult to recruit

The "Hong Kong Fintech Development Index" analyzes the four sub-indices of business environment, operating performance, R&D investment and talent demand of 27 fintech companies in Hong Kong through a questionnaire survey. The survey found that the business environment classification index for 2019-20 was 105.8, an increase of 5.8% from the previous year; the operating performance classification index was 143.4, an increase of 43.4% from the previous year. Enterprises generally believe that the external business environment has improved, with more foreign capital and a safer and stable investment environment. The data reflects that the financial technology service industry is still optimistic about the prospects in the 2019-20 Hong Kong social movement and the new coronary pneumonia epidemic.

However, compared with the larger increase in the business environment and business performance, the talent demand sub-index was 107.9, only 7.9% higher than last year. This reflects that companies are facing the risk of downward income and adopt a more cautious and passive attitude in talent recruitment. The survey also found that 70.4% of the companies surveyed regarded talent recruitment as their main challenge, showing that it is increasingly difficult for fintech companies to recruit talent.

The industry's ability requirements for new employees are mainly in the preparation of programs (85.2%) and marketing expertise (48.1%). Compared with last year, the industry's demand for IT infrastructure skills is also greater (42.1%).

The financial technology service industry is optimistic about the prospects, but adopts a more cautious and passive attitude in talent recruitment. (Photo by Jiang Zhiqian)

The development of financial technology slows down under the new crown epidemic

Another item in the survey, the "Financial Technology Market Sentiment Index" in the first quarter of 2020 was 100.33, a decrease of 1 index point (or 0.98%) from 101.3 in the previous quarter, and a decrease of 3.5 index points from 103.8 in the same period last year ( Or 3.37%), continuing the downward trend since the second quarter of 2019. The reason for the overall decline in the fintech market sentiment index involves a variety of factors. In the epidemic, some companies temporarily suspended their operations in order to maintain social distance between employees and prevent human-to-person contact infections, thus slowing the pace of fintech development.

[Chinese stocks go home] Fintech company Lexin: study the possibility of going public in Hong Kong

Chuan Pingbao's vice chairman Ren Huichuan officially joined Tencent as a financial technology business consultant

HKU Standard Chartered establishes financial technology college to cultivate nearly 1,000 professionals in the next 5 years

Hong Kong University Recruitment

Source: hk1

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