People’s Republic of China–Hong Kong Special Administrative Region: Financial Sector Assessment Program-Technical Note-Implications of Fintech for the Regulation and Supervision of the Financial Sector

June 15, 2021

Preview Citation

Format: Chicago

People’s Republic of China–Hong Kong Special Administrative Region: Financial Sector Assessment Program-Technical Note-Implications of Fintech for the Regulation and Supervision of the Financial Sector, (USA: International Monetary Fund, 2021) accessed November 17, 2024

Summary

he Hong Kong Special Administrative Region (HKSAR) is among the world’s major fintech hubs, well positioned to develop fintech initiatives from its traditional strengths in financial services. Key factors enabling the HKSAR to emerge as a fintech hub include its presence as an international financial center, its free-flowing talent and capital, a highly developed information and technology communication (ITC) infrastructure, and its most unique trait, a geographical and strategic advantage by proximity to the market in Mainland China.

Subject: Artificial intelligence, Blockchain and DLT, Economic sectors, Financial sector, Fintech, International organization, Monetary policy, Technology

Keywords: Artificial intelligence, Banking ordinance, Banking Supervision department, Blockchain and DLT, Financial sector, Fintech, Global, Hong Kong exchange, People's republic of china-Hong kong special administrative region, People's Republic of China-Hong Kong Special Administrative Region FSAP

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/116
Stock No:

1HKGEA2021004
ISBN:

9781513573274
ISSN:

1934-7685

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