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.
Venture Capital, Blockchain, Crypto, Fintech and AI
#Inclusion is the new #Innovation. Arun is a Venture capital investor, speaker and writer with particular interest in Fintech, Blockchain, Crypto and AI. He loves use cases with a strong emerging markets angle to them, serving the underserved and tapping the untapped.
Founder, Speaker, Writer, Startup Advisor
Theo is a speaker, writer, and advisor, whose work seeks to spark innovation to improve consumer financial well-being and health. She is the founder of Unconventional Ventures, which focuses on developing and growing an ecosystem of corporates, entrepreneurs, and VCs to better address the unmet needs of consumers, with keen interests in women and minority founders.
Writer, Speaker, Advisor on Banking & Technology
Bradley is Co-Founder of Unconventional Ventures, which connects founders to funders, provides mentorship to entrepreneurs, advisory to corporates, and broadens opportunities for diversity within the ecosystem. His belief is that anyone with great ideas should have a chance to succeed.
Charles is the Director of Strategic Initiatives at ConsenSys, a leading global blockchain company and venture development studio.
Prior to joining Consensys, Charles was the Head of FinTech at Invest Hong Kong (InvestHK), the department of the Hong Kong SAR Government responsible for Foreign Direct Investment.
Charles has 13 years of experience in the Hong Kong private sector, having set up his company and holding a number of entrepreneurial and management roles. Before joining InvestHK, Charles was the head of sales and business development with a leading Hong Kong online broker and robo-adviser.