TagHKMA

‘No Plan’ for a Central Bank Digital Currency Now, Says Hong Kong Official

A senior government official from Hong Kong has ruled out plans for a central bank digital currency (CBDC) presently, claiming the country already has an efficient payments infrastructure. The Hong Kong Monetary Authority (HKMA), the autonomous region’s defacto central bank, isn’t about to issue a digital currency anytime soon despite carrying out research on a CBDC. Speaking at a Legislative...

Traditional Rivals Singapore & Hong Kong Unite on Blockchain, FinTech

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The central banks and financial regulators of Singapore and Hong Kong have inked a cooperation agreement to strengthen FinTech ties and work on a blockchain trade finance project. In a joint-announcement today, the Monetary Authority of Singapore (MAS) and the Kong Kong Monetary Authority – the two cities’ central banks – signed a FinTech Co-operation Agreement aimed at bolstering fintech ties...

Hong Kong’s Central Bank Inks FinTech Pact with Shenzen in China

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The Hong Kong Monetary Authority (HKMA), the defacto central bank, is co-operating with the neighboring city of Shenzhen in China over developments in financial technologies or FinTech. Hong Kong is looking to gain expertise from the world’s largest FinTech market in China, a country which sees some 500 million people, over 40% of its population, adopt FinTech payment methods. On Friday, HKMA’s...