Hong Kong unveils its bold Fintech 2025 Strategy

https://www.linklaters.com/en/insights/blogs/fintechlinks/2021/june/hong-kong-unveils-its-bold-fintech-2025-strategy
http://lpscdn.linklaters.com/-/media/digital-marketing-image-library/images/03_sectors/fintech/thumbnail_700x300/fintech_slider_fintechlinks_thumbnail_700x300.ashx?rev=e331f0b0-3c21-44eb-a3f6-be6683be0072#

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:

  1. All banks to go fintech, but the HKMA will digitalise too 
  2. Central Bank Digital Currencies for wholesale and retail too
  3. Next-generation data infrastructure
  4. Expanding the fintech-savvy workforce
  5. Funding and policies

For more details read our Hong Kong Financial Regulation alert.

https://www.linklaters.com/en/insights/blogs/fintechlinks/2021/june/hong-kong-unveils-its-bold-fintech-2025-strategy