FinTech Anti-epidemic Scheme for Talent Development

What is the FinTech Anti-epidemic Scheme for Talent Development (FAST)?

FAST is one of the job creation schemes established under the Hong Kong Special Administrative Region (HKSAR) Government’s Anti-epidemic Fund to support local industries affected by the COVID-19 pandemic.

FAST is administered by Hong Kong Cyberport Management Company Limited (HKCMCL), which is wholly owned by the HKSAR Government. The programme provides financial assistance to local companies engaged in the FinTech sector to create new jobs. The Scheme has a quota of 1,000 new roles with a total subsidy of up to HK$120 million.

FAST aims to create new job opportunities in the FinTech sector and enrich Hong Kong’s FinTech talent pool in order to enhance the city’s competitive edge and reinforce its position as a leading international financial centre.
How does FAST support FinTech companies?

Each successful FinTech applicant company will be provided a subsidy of HK$10,000 per month to create a job position related to the major business of the company. The subsidised period could be up to 12 months between 2 July 2020 and 2 July 2022.

Successful applicant companies will be disbursed a payment equivalent to the subsidy for the first three months upon the approval of the application and the submission of the employment contract. Subsequent subsidy payments will be made in advance every three months thereafter.
How does FAST work?

Eligibility

The applicant company should meet the following requirements: a valid business registration certificate; an established physical office in Hong Kong; have commenced its current business not later than 1 January 2020; and a substantive business operation in the FinTech industry at the time of application.
Procedure

The applicant company should complete and submit the application form together with the relevant supporting documents through the FAST online portal. HKCMCL will conduct eligibility checks for all applications and grant approval as appropriate.
Application Period

From 12:00 noon on 2 July 2020 to 11:59 a.m. on 2 July 2021.
Submit an Online Application
Eligibility Check
Result confirmation
(within six weeks of submission)
Submit candidate Information
(within six months)
First instalment for the first three months
(advance payment)
Submit supporting documents
(every three months)
Instalments every three months
(advance payment)
flow-v2.png
Cookie Notice

Our sites use cookies to improve your online experience. Cookies are stored on your browser to provide secure log-in, gather statistics to improve site behaviour, and to show you content that is relevant to your region. You can change your cookie preferences at any time from your browser settings. For information on our privacy practices, please see our Privacy Policy Statement.