MOU signed to boost fintech regulation in Greater Bay Area


Source: china.org.cn china.org.cn

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E-mail Xinhua, October 22, 2021 Adjust font size: The People's Bank of China (PBOC) and the Hong Kong Monetary Authority (HKMA) jointly announced on Thursday that they have signed the Memorandum of Understanding (MOU) on Fintech Innovation Supervisory Cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). By signing the MOU, they have agreed to link up the PBOC's Fintech Innovation Regulatory Facility with the HKMA's Fintech Supervisory Sandbox. The move aims to advance cooperation on fintech innovation on the basis of law and regulations, improve the quality and efficiency of financial services in the GBA and increase financial support...