Following the launch of the Guangdong-Hong Kong one-stop fintech pilot trial platform by the People’s Bank of China (PBoC) and the Hong Kong Monetary Authority (HKMA) in Hong Kong and the Mainland cities of the GBA in 2022, the PBoC, the HKMA and the Monetary Authority of Macao signed a Memorandum of Understanding in November 2023, with a view to further deepening fintech innovation co-operation in the GBA and providing a one-stop platform to facilitate pilot trials of cross-boundary fintech initiatives among the three places.
