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Hong Kong and Shenzhen are planning to join hands to create the Hong Kong-Shenzhen Global Financial Technology Center, supporting the establishment of a green asset development platform based on blockchain technology and other technologies.
BlockBeats News, November 20th, according to The Standard, the Hong Kong Financial Services and the Treasury Bureau and the Shenzhen Local Financial Supervision Bureau jointly released the "Action Plan for Collaboratively Building the Hong Kong-Shenzhen Global FinTech Center (2025–2027)". It pointed out that by the end of 2027, more than 20 cross-border data verification platforms would be established in the fields of finance between Shenzhen and Hong Kong, promoting Shenzhen financial institutions to establish FinTech subsidiaries in Hong Kong, driving continuous innovation in the application scenarios of the digital RMB, supporting joint participation from both places in various central bank digital currency cross-border networks (mBridge) research and application projects, and, at the same time, encouraging Shenzhen companies to issue sustainable offshore RMB bonds in Hong Kong and supporting the establishment of a green asset development platform based on technologies such as blockchain and smart contracts.
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