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The Hong Kong Monetary Authority has released a blueprint for promoting financial technology, aiming to strengthen the risk management capabilities of the banking industry

2026-02-04   

The Hong Kong Monetary Authority (HKMA) released a blueprint for promoting financial technology on the 3rd, hoping to strengthen the risk management capabilities of the banking industry when using advanced technology. The blueprint proposes a framework with ecological collaboration, technological evolution, and talent cultivation as the core execution. In the coming months, the Hong Kong Monetary Authority will launch four flagship projects, including the launch of the Quantum Readiness Index to assess the readiness of the banking industry in the field of post quantum cryptography; Implement a new risk data strategy to strengthen the data management capabilities of the banking industry. The Hong Kong Monetary Authority will also collaborate with the industry to develop a new, standardized, and industry-leading financial technology network security benchmark for fintech companies, with a focus on the application of emerging technologies such as artificial intelligence and distributed ledger technology. At the same time, the Hong Kong Monetary Authority will provide practical guidance to enhance the skills of general fintech users in banks. This measure will focus on enhancing the "human-machine interaction" capability, enabling practitioners to have a clearer understanding of the skills required to integrate artificial intelligence and distributed ledger technology into the new generation of financial products and services. Ruan Guoheng, Vice President of the Hong Kong Monetary Authority, said, "The future of the financial industry will be defined by those who can harness advanced technology. They will not only optimize existing processes, but also reshape future possibilities

Edit:He Chuanning Responsible editor:Su Suiyue

Source:ChinaNews

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