Hong Kong’s position, both geographical and economic, offers many advantages in the development of fintech. Proximity to the hi-tech hub in neighbouring Shenzhen is one. Its complementary relationship with local banking needs is another. Unfortunately, they are being eroded by ongoing tough Covid-19 restrictions. A Google survey of top executives at fintech companies confirms what most in the industry already know: a “severe talent gap” has opened up due to intense competition from other hi-tech hubs such as Singapore to secure skilled and experienced manpower. Call it a brain drain or talent shortage, business prospects are hurting as more fintech...