HKMA launches first FiNETech to promote fintech applications

The Hong Kong Monetary Authority has launched the FiNETech series, which brings together about 100 banks, securities companies, insurance companies and technology companies to jointly explore advanced cooperation arrangements in wealth technology, insurance technology, green technology, artificial intelligence and distributed ledger technology. In the next six to twelve months, the HKMA will expand its cooperation in the field of financial technology through the FiNETech series of activities, including: through subsequent FiNETech activities, continue to cooperate with co-organizers, industry associations and market experts to focus on the development of artificial intelligence (including generative artificial intelligence), distributed ledger technology and green technology; strive for substantive progress in the adoption of financial technology by banks and other financial institutions. (Jinshi)