The Hong Kong Monetary Authority (HKMA) has published a Fintech Promotion Blueprint setting out a tactical programme to foster responsible innovation and move the sector towards more advanced uses of artificial intelligence (AI) and distributed ledger technologies (DLT). The Blueprint positions data excellence and cyber resilience as foundational pillars and links the push for more sophisticated technology adoption to strengthened risk management for banks. The framework is organised around ecosystem collaboration, technological advancement, and talent and outreach. Four flagship projects are planned: a Quantum Preparedness Index to assess banking sector readiness for Post-Quantum Cryptography (PQC) and track progress over the next few years, a New Risk Data Strategy to improve banks’ data governance and infrastructure and support expansion of the HKMA’s Granular Data Reporting initiative, an industry-led Fintech Cybersecurity Baseline for fintech solution providers focused on novel AI and DLT applications to streamline bank onboarding due diligence, and competency development support focused on “human-machine interaction” skills for next-generation AI and DLT-enabled financial products and services. In the coming months, the HKMA will launch the four projects and roll out additional activities tied to challenges identified in its Tech Maturity Stock-take, including FiNETech events, responsible innovation competitions, a revamp of the Fintech Connect matching platform and practical workshops.

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