Shenzhen-Hong Kong Fintech Award Winners

Shenzhen-Hong Kong Fintech Award Winners

by June 9, 2018
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Mr Norman Chan, Chief Executive of the Hong Kong Monetary Authority (HKMA), together with Mr Ai Xuefeng, Deputy Mayor of the People’s Government of Shenzhen Municipality, and Mr He Xiaojun, Director-General of the Office of Financial Development Service (OFDS), met with representatives of the winning organisations of the Shenzhen-Hong Kong Fintech Award.

Shenzhen-Hong Kong Financial Collaborative Innovation Award

OrganisationsShenzhen/ Hong KongInitiativesPrizes
1Shenzhen Stock ExchangeShenzhenShenzhen-Hong Kong Stock ConnectFirst prize
China Securities Depository and Clearing Corporation Limited
2Hong Kong Interbank Clearing LimitedHong KongJoint e-Cheque clearing between Hong Kong and ShenzhenSecond prize
Shenzhen Financial Electronic Settlement Center Co., Ltd
3China CITIC Bank International LimitedHong KongWeChat Pay Small-value funds transfers and paymentsSecond prize
4China CITIC Bank Corporation Limited Shenzhen BranchShenzhenPersonal cross-border RMB salary passThird prize
5The Hongkong and Shanghai Banking Corporation LimitedHong KongGuangdong-Hong Kong comprehensive fund management solutionThird prize
HSBC Bank (China) Company Limited
6China Merchants Fund Management Co.,Ltd.ShenzhenCMS Shenzhen-Hong Kong integrated global opportunity asset allocation platformThird prize
CMS Asset Management (HK) Co., Limited

 

Fintech Initiatives Award

OrganisationsShenzhen/ Hong KongInitiativesPrizes
1People’s Bank of China fintech research instituteShenzhenDigital currency prototype application researchFirst prize
2Ping An Technology (Shenzhen) Co., Ltd.ShenzhenPing An Technology multimodal identity authenticationSecond prize
3Shenzhen Qianhai Weizhong Bank Co.,Ltd.ShenzhenWeBank Customer ChatbotSecond prize
4Bank of China (Hong Kong) LimitedHong KongBlockchain applicationMortgage valuation process optimisationThird prize
5Merchants Union Consumer Finance Company Limited.ShenzhenMerchants Union GPS anti-fraud fishing net and machine learning applicationThird prize
6Shenzhen Qianhai Aviation Shipping Trade Center Co., LtdShenzhenBlockchain-based aviation and shipping settlement and data service platformThird prize
China-Europe FinTech Innovation Lab
7FWD Life Insurance Company (Bermuda) LimitedHong KongFWD Instant Withdrawal ServiceThird prize

 

The competition is a joint initiative between the HKMA and the OFDS with a view to further deepening financial cooperation between Hong Kong and Shenzhen, promoting research and application of fintech in the two cities, and recognising financial institutions that apply fintech in new products, promote financial inclusion, and improve the overall efficiency of financial services.

The “Shenzhen-Hong Kong Financial Collaborative Innovation Award” was added this time to encourage the collaboration between organisations in the two cities and the launching of high-quality cross-border financial products and services; the “Fintech Initiatives Award” focuses on rewarding innovative projects on digital currency, blockchain, artificial intelligence, big data analytics, etc.

Norman Chan during the meeting

Norman Chan during the meeting

Mr Norman Chan said,

“Financial institutions in Hong Kong and Shenzhen have actively participated in this competition and have outstanding performance.

This has collectively served as a good role model for the deepening of Hong Kong-Shenzhen financial cooperation and the development of the Guangdong-Hong Kong-Macao Greater Bay Area.

Hong Kong and Shenzhen each has its own advantages in the development and application of fintech. Collaboration between the two can complement our edges, facilitate fintech talent development, and achieve a win-win situation.”

The next collaboration between the HKMA and the OFDS will be the launch of the Shenzhen Summer Internship Programme of the Fintech Career Accelerator Scheme 2.0 at the end of this month. Under the programme, 50 students from tertiary educational institutions in Hong Kong will be assigned to eight leading fintech firms on 6-week internships.

 

This articles first appeared on hkma.gov.hk

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