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
| Organisations | Shenzhen/ Hong Kong | Initiatives | Prizes | |
| 1 | Shenzhen Stock Exchange | Shenzhen | Shenzhen-Hong Kong Stock Connect | First prize |
| China Securities Depository and Clearing Corporation Limited | ||||
| 2 | Hong Kong Interbank Clearing Limited | Hong Kong | Joint e-Cheque clearing between Hong Kong and Shenzhen | Second prize |
| Shenzhen Financial Electronic Settlement Center Co., Ltd | ||||
| 3 | China CITIC Bank International Limited | Hong Kong | WeChat Pay Small-value funds transfers and payments | Second prize |
| 4 | China CITIC Bank Corporation Limited Shenzhen Branch | Shenzhen | Personal cross-border RMB salary pass | Third prize |
| 5 | The Hongkong and Shanghai Banking Corporation Limited | Hong Kong | Guangdong-Hong Kong comprehensive fund management solution | Third prize |
| HSBC Bank (China) Company Limited | ||||
| 6 | China Merchants Fund Management Co.,Ltd. | Shenzhen | CMS Shenzhen-Hong Kong integrated global opportunity asset allocation platform | Third prize |
| CMS Asset Management (HK) Co., Limited |
Fintech Initiatives Award
| Organisations | Shenzhen/ Hong Kong | Initiatives | Prizes | |
| 1 | People’s Bank of China fintech research institute | Shenzhen | Digital currency prototype application research | First prize |
| 2 | Ping An Technology (Shenzhen) Co., Ltd. | Shenzhen | Ping An Technology multimodal identity authentication | Second prize |
| 3 | Shenzhen Qianhai Weizhong Bank Co.,Ltd. | Shenzhen | WeBank Customer Chatbot | Second prize |
| 4 | Bank of China (Hong Kong) Limited | Hong Kong | Blockchain applicationMortgage valuation process optimisation | Third prize |
| 5 | Merchants Union Consumer Finance Company Limited. | Shenzhen | Merchants Union GPS anti-fraud fishing net and machine learning application | Third prize |
| 6 | Shenzhen Qianhai Aviation Shipping Trade Center Co., Ltd | Shenzhen | Blockchain-based aviation and shipping settlement and data service platform | Third prize |
| China-Europe FinTech Innovation Lab | ||||
| 7 | FWD Life Insurance Company (Bermuda) Limited | Hong Kong | FWD Instant Withdrawal Service | Third 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.
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
