The Central Bank of China Issued an Opinion to Develop Blockchain Technology in Three Cities

Abstract : They will deepen financial technology cooperation in the Guangdong, Hong Kong and Macao Greater Bay Area and strengthen the construction of financial technology carriers.

ChainDD
ChainDD

May 15

May 15 (ChianDD) The Central Bank of China, the China Securities Regulatory Commission, and the China Banking Regulatory Commission issued opinions on financial support for the construction of the Guangdong, Hong Kong and Macao Greater Bay Area.

The opinion said that they will deepen financial technology cooperation in that area and strengthen the construction of financial technology carriers.

Besides, they will support the promotion of innovative technologies such as blockchain, big data, artificial intelligence and their mature applications in customer marketing, risk prevention and financial supervision also in the Greater Bay Area.

Furthermore, they will facilitate residents of Hong Kong and Macao to use mobile electronic payment tools for RMB payments in the Mainland, and promote the mutual use of mobile payment tools in the Greater Bay Area. Besides, they will support non-bank payment institutions in the Mainland to expand business in Hong Kong and Macau.

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