The Guangdong-Hong Kong-Macao Bay Area (or Greater Bay Area) is going to become one of the main engines of growth for Mainland China and a very fertile ground for innovation in financial services and fintech. Recognising the importance of cross-border collaboration in the Greater Bay Area, the HKMA and the Shenzhen Municipal Financial Regulatory Bureau (SZFRB) entered into a Memorandum of Understanding in June 2017 and agreed to collaborate on the following fronts:
The HKMA sponsored the Shenzhen Summer Internship Programme organised by Fin Society in 2018 and 2019. The programme, assisted by the SZFRB, allowed Hong Kong students to experience the fintech ecosystem in Shenzhen by working in renowned firms during summer.
The HKMA and the SZFRB co-organised the Shenzhen-Hong Kong Fintech Award in 2017 and 2018 to recognise and reward outstanding fintech products and solutions in the two cities. In addition, both parties regularly attend summits and conferences held by each other.