Hong Kong Treasury Department and Shenzhen Local Financial Services Bureau jointly released the "Action Plan for Building a Global Financial Technology Center in Hong Kong and Shenzhen"

On November 19th, the Financial Services and the Treasury Bureau of the Hong Kong Special Administrative Region Government, together with the Shenzhen Local Financial Supervision Bureau, jointly announced the Action Plan to create a global financial technology center for Hong Kong and Shenzhen. The goal is to implement over 20 cross-border data validation platforms for financial applications in the Shenzhen-Hong Kong area by the end of 2027. The depth and breadth of cooperation in the financial technology field between Shenzhen and Hong Kong will continue to expand, creating a favorable situation for the coordinated development of digital finance and technology finance, green finance, inclusive finance, and pension finance.