HKMA’s Fintech Supervisory Sandbox Links Up with PBOC’s Fintech Innovation Regulatory Facility

The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBoC) jointly announced on 21 October that they have signed a Memorandum of Understanding on Fintech Innovation Supervisory Cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area. In signing the MoU, the two authorities agreed to link up the PBoC’s Fintech Innovation Regulatory Facility with the HKMA’s Fintech Supervisory Sandbox.