The People’s Bank of China (PBOC) and the Hong Kong Monetary Authority (HKMA) plans to step up cooperation on fintech development in the Greater Bay Area of Guangdong, Hong Kong and Macau. PBOC announced on 21 October that it recently executed a memorandum of agreement with HKMA to undertake fintech innovation regulatory cooperation in the Greater Bay Area. The “Memorandum of Agreement on the Development of Fintech Innovation Regulatory Cooperation in the Greater Bay Area” (???????????????????????????) will see the “integration of PBOC’s fintech innovation regulatory tools with HKMA’s fintech regulatory sandboxes, the steady and orderly advance of fintech innovation cooperation,...