The Zhitong Finance App learned that Hong Kong Monetary Authority Chief Executive Yu Weiwen said in his speech that Hong Kong is not only a cross-border capital hub, but also a testing ground for the development, testing and expansion of green fintech solutions to help turn trends into concrete results.

He pointed out that the “Fintech Promotion Blueprint” released a few months ago provides a clear roadmap for the banking industry to responsibly promote fintech, and accelerate Hong Kong's move towards a more data-driven, artificial intelligence-enabled, and secure infrastructure.

Yu Weiwen also mentioned that the HKMA launched the Commercial Data Link in 2022, which has so far facilitated more than 100,000 applications and approvals, unlocking approximately HK$90 billion in credit lines for small and medium-sized enterprises.

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