The Hong Kong Monetary Authority and the Central Bank of the Republic of Türkiye announced the exchange of a memorandum of understanding to strengthen cooperation on financial innovation. The agreement creates a formal framework for information sharing and potential collaboration on innovative projects, with the aim of advancing fintech development in both markets. The memorandum covers cooperation on emerging technologies and broader issues related to innovation in financial services. It also formalizes a closer strategic partnership between Hong Kong and Türkiye in this area.

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