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To encourage fintech growth, Hong Kong’s regulators should “take a step back”, says law firm

Considering the plethora of consultation papers issued in the city this year, Hong Kong’s regulators need to “take a step back” and work on ways to “open up” the financial services sector to the burgeoning fintech community, says Ian Wood, partner at Simmons & Simmons. “Securities investments are heavily regulated in Hong Kong, and a lot of the regulation was…

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