Hong Kong, Shenzhen Will Team Up to Establish Fintech Innovation Award
Tang Shihua
DATE:  Oct 25 2017
/ SOURCE:  Yicai
Hong Kong, Shenzhen Will Team Up to Establish Fintech Innovation Award Hong Kong, Shenzhen Will Team Up to Establish Fintech Innovation Award

(Yicai Global) Oct. 25 -- The Hong Kong Monetary Authority (HKMA) said today that it will work with the Development of the Shenzhen Municipal Government Financial Services Office to set up the Fintech Innovation Award to praise and encourage outstanding financial institutions in the two cities to develop fintech products, offering bonuses of about USD900,000 (HKD7 million).

The HKMA has not given any further information about the bonuses.

The HKMA said it will assist Hong Kong's fintech firms in entering the mainland market and encourage fintech enterprises from the mainland to expand to Hong Kong.

With the assistance of the Development of the Shenzhen Municipal Government Financial Services Office, the HKMA has invited several high-tech companies in Hong Kong including Ping An Technology (Shenzhen) Co., WeBank and Tencent Holdings Ltd. [HK:0700] to provide summer internships so students in the field can gain firsthand experience, the HKMA said.

Follow Yicai Global on
Keywords:   Government Award,Hong Kong,Shenzhen