Global FinTech Guide
Country Name
Hong Kong
Trading platforms / social trading platforms / signal following
FinTechs belonging to this category operate trading platforms or online marketplaces for investment opportunities or certain financial contracts – e.g. securities, factoring etc. and sometimes furthermore provide contact to financial experts and tools for the decision-making.

FinTech-signalling and social trading platforms provide users with the opportunity to exchange opinions on financial investments and offer signal providers and traders the possibility to make their securities portfolio publicly visible. This way the portfolios can be linked to and followed by other traders via the platform automatically, so that the trading and investment strategy of the followed traders can be copied.

The platform often cooperates with a financial services provider or a credit institution where both the trader and the follower hold their securities accounts, and which execute the orders both of the trader and the follower and to which the platform passes on the trading decisions.


Attitude of the country towards trading, social trading or signalling platforms

Social trading platforms have been developing in Hong Kong for some time, although they have not become very widely used or adopted.

Legal affairs

Obligations and requirements to provide trading, social trading or signalling platforms described above

To the extent a social trading platform allows users to trade securities, the usual regulatory requirements, and obligations applicable to a traditional licensed broker under the SFO, including the licencing requirements, apply. Please refer to the section on “Financial advisory and broking services including robo advisory and auto-trading” above.

The sharing of investment strategies and portfolios socially, without carrying on a business, does not require any license or trigger any regulatory requirements if that does not amount to advertising of investment products.

Additional comments regarding the legal situation for trading, social trading or signalling platforms or what FinTech’s must be aware of in this business area


Economic conditions

Market size for trading, social trading or signalling platforms and biggest companies in this business area

There is no publicly available information.

Additional comments regarding the economic situation for trading, social trading or signalling platforms or what FinTech’s must be aware of in this business area




© 2022, Howse Williams. All rights reserved by Howse Williams as author and the owner of the copyright in this chapter. Howse Williams has granted to Multilaw non-exclusive worldwide license to use and include this chapter in this guide and to sublicense Lexis Nexis, a division of RELX Inc. and its affiliates certain rights to use and distribute this guide.

The information in this guide provides a general overview at the time of publication and is not intended to be a comprehensive review of all legal developments nor should it be taken as opinion or legal advice on the matters covered. It is for general information purposes only and readers should take legal advice from a Multilaw member firm.


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