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ARTICLE · 29 SEPTEMBER 2023

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Hong Kong Monetary Authority Unveils Fintech Promotion Roadmap

K&L Gates
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In a transformative step for the financial technology (fintech) industry, the Hong Kong Monetary Authority (HKMA) recently announced a new Fintech Promotion Roadmap (Roadmap)...

Hong KongTechnology
K&L Gates
K&L Gates

In a transformative step for the financial technology (fintech) industry, the Hong Kong Monetary Authority (HKMA) recently announced a new Fintech Promotion Roadmap (Roadmap), which outlines its key initiatives to be taken over the next 12 months to expedite the growth of the Fintech ecosystem and give stronger impetus to Fintech adoption in the Hong Kong financial services sector.

The Roadmap displays a collective recognition by the three main banking and financial services regulators, the HKMA, the Securities and Futures Commission, and the Insurance Authority, of the transformative power of fintech, and it is designed to serve as a bridge to more concerted industry collaboration among the relevant industry participants.

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