A landmark agreement has been reached between the Hong Kong Monetary Authority (HKMA), the People’s Bank of China (PBoC), and the Monetary Authority of Macao (AMCM), promising to revolutionize fintech cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). The “Memorandum of Understanding on Deepening… Read More
Read more in: Asia, Fintech | Tagged china, fintech, greater bay area, hong kong, macau
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
Read more in: Asia, Fintech, Politics, Legal & Regulation | Tagged gba, greater bay area, hkma, hong kong monetary authority, pboc, peoples bank of china
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
Read more in: Asia, Fintech | Tagged consumer behavior, coronavirus, covid-19, fintech adoption, greater bay area, hong kong
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
Read more in: Asia, Blockchain & Digital Assets, Fintech | Tagged cbdcs, central bank digital currencies, china, dcep, digital renminbi, digital yuan, gba, greater bay area, guangdong, hong kong, virtual banking, virtual renminbi, virtual yuan
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