Which other areas of the Asia-Pacific region are the primary rivals of Hong Kong’s fintech industry?

Hong Kong is not the only major player in the fintech industry of the Asia-Pacific region. The Global Fintech Hub Report lists 12 other Asia-Pacific cities as being among the world’s 30 primary fintech hubs. These cities are Beijing, Shanghai, Hangzhou, Shenzhen, Singapore, Sydney, Tokyo, Guangzhou, Seoul, Nanjing, Bengaluru, and Mumbai.