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‘All Banks Go Fintech’: Hong Kong Unveils ‘Fintech 2025’ Strategy

‘All Banks Go Fintech’: Hong Kong Unveils ‘Fintech 2025’ Strategy



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  1. The Hong Kong Monetary Authority (HKMA) plans to guide local banks towards full adoption of fintech technologies, a new strategy reveals. The region’s central banking institution also stressed that it’s going to “walk the talk” by digitalizing its own supervision of financial institutions.

    Hong Kong Central Bank to Support Fintech Development

    Hong Kong’s monetary policy regulator has presented its new strategy to stimulate the fintech development of China’s special administrative region. With the strategy, HKMA aims for a comprehensive adoption of new financial technologies in the next four years. The central bank also wants to “promote the provision of fair and efficient financial services for the benefit of Hong Kong citizens and the economy.”

  2. tldr; Hong Kong Monetary Authority (HKMA) plans to guide local banks towards full adoption of fintech technologies in the next four years. The region’s central banking institution also stressed that it’s going to “walk the talk” by digitalizing its own supervision of financial institutions. The HKMA is planning to establish a credit data sharing platform based on distributed ledger technologies.{}

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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