Tagged: greater bay area

Hong Kong, China Announce Cross Border Fintech Initiative

Hong Kong Boat Junk Asia China Unknown Wong on Unsplash

The Hong Kong Monetary Authority (HKMA) and People’s Bank of China (PBoC) have announced that they are accepting applications from financial institutions and Fintechs for conducting pilot trials of cross-boundary fintech initiatives in the Greater Bay Area (GBA). The Greater Bay Area Fintech Pilot Trial… Read More

Hong Kong’s Fintech focused Index, which Quantifies Sentiment on Industry Developments, Falls to Historic Low Following COVID-19 Outbreak

Hong Kong Money Sparkle AI

The Hong Kong Fintech Buzz Index (FBI), a quarterly index that aims to represent a “quantified sentiment” of the local Fintech-focused news updates in local Chinese news media, fell to an all-time low of 93.5. The index was calculated by analyzing 1,299 news articles that… Read More

CBDCs: China’s Virtual Yuan or Digital Currency Electronic Payment (DCEP) System to be Introduced in Hong Kong’s Greater Bay Area

Hong Kong at Night manson yim unsplash

China’s virtual yuan (CBDC), which is also referred to as digital currency electronic payment (DCEP), will reportedly be introduced for testing in Hong Kong’s Greater Bay Area within the next few weeks. The Greater Bay Area is a megapolis that includes nine major cities (Guangzhou,… Read More

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