TechFlow news, on August 10, according to the Wen Wei Po, KPMG released its "FinTech Pulse" report showing that in the first half of 2024, the Asia-Pacific region recorded 438 fintech deals, raising a total of USD 3.8 billion. The region has placed greater emphasis on developing and launching virtual currencies and tokenized real-world assets.
Financial hubs such as Hong Kong, Singapore, and Japan are seeking a balance between innovation and regulation, protecting investor rights while exploring and approving integration activities between traditional finance and decentralized finance. The Hong Kong government is actively advancing cryptocurrency regulation and supporting related trading and activities. In the first half of 2024, the Hong Kong Monetary Authority launched the second phase of its e-HKD pilot program, attracting crypto firms, enhancing the financial ecosystem, and driving Hong Kong toward becoming an international virtual asset center.
The report noted signs of recovery in China's fintech investment, with steady momentum in the first half of 2024. Despite an uncertain regulatory environment, fintech remains a promising investment sector, with popular areas including cryptocurrencies, consumer payment systems, and lending platforms. Among the top ten fintech deals in the Asia-Pacific region during the first half of the year, enterprises from mainland China and Hong Kong accounted for five, with Yian Holdings securing the largest deal at USD 280.9 million.
