Shenzhen-Hong Kong Fintech Award
The Hong Kong Monetary Authority (HKMA) and the Shenzhen Municipal Financial Regulatory Bureau (SZ FRB) jointly announced the “Shenzhen-Hong Kong Fintech Award” in January 2021 to encourage the development and application of fintech in the two cities and are now accepting applications. For more information on how to apply, please refer to the attached documents and information appended below.
All entities regulated by financial regulators in Hong Kong (i.e. HKMA, SFC, IA and MPFA), collectively known as the “Hong Kong Financial Institutions”, are eligible to submit initiatives to the Award. Eligible Hong Kong Financial Institutions may participate in one or both of the two award categories under the Shenzhen-Hong Kong Fintech Award, namely the “Shenzhen-Hong Kong Financial Collaborative Innovation Award” and “Fintech Initiatives Award”. Key information are summarised as follows -
Shenzhen-Hong Kong Financial Collaborative Innovation Award
- aims to encourage cooperation between Shenzhen and Hong Kong and launching of high-quality cross-boundary financial products and services.
Fintech Initiatives Award
- aims to promote the application of the latest financial technologies to foster the healthy development of financial ecosystem.
Prizes
There are first, second and third prizes under each of the two categories. Details of the prizes are as follows:
Cash Prize (RMB)
No. of Prizes
Shenzhen-Hong Kong Financial Collaborative Innovation Award
First prize
1,000,000
1
Second prize
500,000
2
Third prize
300,000
3
Fintech Initiatives Award
First prize
800,000
2
Second prize
500,000
4
Third prize
300,000
8
Applicants can submit their application to HKMA by 26 Feb 2021.