9 June 2021 Clara Hackney -  Sumit Indwar FintechLinks

Hong Kong unveils its bold Fintech 2025 Strategy

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.