Hong Kong Squares Up to Singapore, Australia With Fintech Hub

  • City’s monetary authority to start hub to develop fintech
  • Regulatory sandbox allows trials with looser supervision

The Hong Kong Monetary Authority is establishing a financial-technology hub and adopting a regulatory “sandbox” to allow faster trials of products and applications as it tries to turn around a perception that it’s lagging behind other cities in stoking innovation.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.