Hong Kong and Shenzhen Launch 2025–2027 Plan for Global Fintech Hub

According to the financial regulators of Hong Kong and Shenzhen, the joint plan will implement cross-border fintech solutions, enhance blockchain-based green finance, and boost offshore RMB sustainable bond issuance by 2027.

Summary

Hong Kong's Financial Services Bureau and Shenzhen's Financial Management Bureau have announced a joint 2025–2027 plan to launch over 20 cross-border data verification fintech applications by the end of 2027. The initiative will support blockchain-based platforms for green asset management and facilitate the issuance of offshore RMB sustainable bonds by Shenzhen companies. It aims to strengthen cooperation in cross-border fintech infrastructure and promote environmentally sustainable finance solutions between the two regions.

Terms & Concepts
  • Blockchain-based green asset platform: A system using blockchain to manage and verify environmentally sustainable financial assets.