Shanghai and Hong Kong join forces to promote the application of Blockchain and other financial technologies, deepening the exploration of cross-border payments with digital Renminbi.

Gate News bot message, at the launch ceremony of the "Action Plan for the Coordinated Development of the Shanghai-Hong Kong International Financial Center", Hong Kong Financial Secretary Paul Chan delivered a speech. He elaborated on the cooperation plans between Shanghai and Hong Kong in the financial technology sector, including the promotion of the application of artificial intelligence and Blockchain technology in areas such as asset management, insurance, and payment Settlement.

Both parties plan to cooperate in areas such as financial standard setting, product innovation, and information sharing, while exploring new application scenarios for the digital RMB in the field of cross-border payments. Chen Maobo emphasized that these initiatives provide financial support for the science and technology innovation industry and strengthen the competitive strength of the financial centers in both regions, promoting the development of emerging financial ecosystems such as Blockchain.

Source: Wu Says

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