Hong Kong's Financial Services and the Treasury Bureau (FSTB) and China’s Shenzhen Municipal Financial Regulatory Bureau jointly promulgated an Action Plan for Jointly Building Hong Kong-Shenzhen Global Fintech Hub (2025-2027), setting out initiatives to deepen cross-boundary fintech collaboration and position the two cities as a global fintech centre. The plan spans digital finance, techfin, green finance, inclusive finance and pension finance. The package includes measures to facilitate Shenzhen financial institutions establishing fintech subsidiaries in Hong Kong, support joint development of fintech incubators, and encourage Shenzhen technology companies to raise funds in Hong Kong using facilitation measures such as the Biotech Companies Listing Channel, Specialist Technology Companies Listing Channel and Technology Enterprises Channel. It also promotes offshore RMB sustainable bond issuance in Hong Kong by Shenzhen companies, continued innovation of e-CNY application scenarios, and joint participation in the research and application of Project mBridge, alongside talent development and industry engagement initiatives. Implementation is to be coordinated by the FSTB and financial regulators with the Shenzhen Municipal Financial Regulatory Bureau, with a stated target to establish over 20 financial application scenarios via the Shenzhen-Hong Kong cross-boundary data validation platform by end-2027.

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