Hong Kong Economic and Trade Office, USA
Hong Kong
News Release

TNG opens a fintech space in Hong Kong


For more information, please contact

Wing Yan Tong in San Francisco: (415) 835 9315
Melissa Ng in New York City: (212) 752 3320

Daniel McAtee in Washington, D.C.: (202) 238 6360

July 15, 2019 - TNG FinTech Group opened the Wall Street Factory (WSF) today (July 15) as part of the group's strategy to enhance its services for fintech entrepreneurs via a one-stop interactive platform.

The WSF is a new space of over 25 800 square feet in North Point, intended as a comprehensive platform offering all-round solutions from business incorporation, office space, operation support and business referral to fundraising and capital market advisory for the growing fintech communities in Hong Kong. It has 12 conference rooms and three main event spaces, namely Arena, Wall Street Corner and Sandbox, among other facilities and amenities.

The Founder and Chairman of TNG, Mr. Alex Kong, said the group's establishment in Hong Kong has positioned it at the forefront of the fintech industry to win a growing cluster of clients from diverse sectors. Its WSF will strive to collaborate with them, including global e-wallets and financial institutions, in offering and promoting their open banking APIs (application programme interfaces) to global fintech, wealthtech, insurtech and proptech companies and more.

Mr. Kong said, "We are really excited to witness the launch of the WSF, which perfectly matches TNG's commitment to elevating the lives of billions with financial empowerment and financial services. The WSF is designated to help start-ups grow from being rising stars to unicorns, and then to public listings in major stock exchanges, by providing them with a host of business and fundraising solutions."

The Director-General of Investment Promotion at Invest Hong Kong, Mr. Stephen Phillips, said, "Hong Kong's fintech ecosystem is growing rapidly and attracts players from Mainland China and those from around the globe. The number of homegrown fintech enterprises is also on the rise. The WSF turns a new page in Hong Kong's fintech development. With this one-stop platform, Hong Kong's fintech communities will have the sort of comprehensive support they need to grow stronger."

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