The Hong Kong Monetary Authority (HKMA) has established a Fintech Facilitation Office (FFO) to facilitate the healthy development of the fintech ecosystem in Hong Kong and to promote Hong Kong as a fintech hub in Asia.
The new Fintech Facilitation Office (FFO) aims at acting, inter alia, as
(i) a platform for exchanging ideas of innovative fintech initiatives among key stakeholders and conducting outreaching activities;
(ii) an interface between market participants and regulators within the HKMA to help improve the industry’s understanding about the parts of the regulatory landscape which are relevant to them;
(iii) an initiator of industry research in potential application and risks of fintech solutions; and
(iv) a facilitator to nurture talents to meet the growing needs of fintech in Hong Kong.
For legal advice and legal services on E-commerce & Fintech, please contact Chow & Cheung, Hong Kong solicitors & notary public (E-mail: cac@ccsn.hk).
www.ccsn.hk
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