11 June 2021
The HKMA’s Chief Executive Eddie Yue has said that banks should be going ‘all-in’ with comprehensive fintech adoption in the next 4 years.
The comments were made in a speech unveiling the HKMA’s ‘Fintech 2025’ strategy, which touched on five main areas:
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All banks to go fintech, but the HKMA will digitalise too
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Central Bank Digital Currencies for wholesale and retail too
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Next-generation data infrastructure
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Expanding the fintech-savvy workforce
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Funding and policies
For more details read our Hong Kong Financial Regulation alert.
For further information, please contact:
Sumit Indwar, Partner, Linklaters
sumit.indwar@linklaters.com
