Hong Kong Committee proposes options for crowdfunding

19 Mar 2016: The Hong Kong Financial Services Development Council (FCSC) released a report on equity crowdfunding on Friday, which proposes options to support its introduction in the city state. Potential approaches range from full legislative action to maintaining the status quo, or, a middle option through introducing regulatory initiatives. In announcing the report Council Chair, Mrs Laura M Cha, stated that “Equity crowdfunding is a major area of Fintech activities, one which not only breaks new ground in financing, but is also an innovative kind of community participation. The FCSC believes an appropriate avenue should be created to allow and regulate it.”

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