In the present date, it is still a controversy that Hong Kong should make laws on crowd funding, specifically seeing the present policy vision 16 of promoting the city into a hub of FinTech last year. To examine the problem, this essay of research investigates the improvement of and the operation of present regulations in Hong Kong for crowd funding, which gives regional circumstances for the debate of legislative from a perspective of cost-benefit.
Currently, the sources of financial consideration for start- up businesses are limited in Hong Kong. Hong Kong has been comparatively slow to harness the complete potential of new technological innovations that change rapidly in the current global business environment. As a number of innovations based on technology, crowdfunding makes contributions of capital in small size from funders by the use of internet. This has ended up becoming a de facto element for the emerging financial background before time was taken out be governments and regulators for the installation of regulatory structure in controlling it. Nevertheless, all across the globe, governments have in varying efforts for catching up with the opportunities of crowdfunding.
Since the conclusion of provision is in the partly affirmative, the recommendations which also provide by this essay for an act on crowd funding along with the reference to foreign reforms. Hence, the aim of this research is to research the feasibility of crowdfunding in Hong Kong. For the purpose of this research, there will be collection of secondary data.