Posted inChina, Hong Kong, Macau

‘Regulatory Sandbox’ urged for FinTechs in bay area

The Guangdong-Hong Kong-Macau Bay Area should set up a “Regulatory Sandbox” system to promote financial development and innovation, said Liu Mingkang, former chairman of the China Banking Regulatory Commission, reported. “Regulatory Sandbox” means a trial zone where new businesses can bypass regulations and constraints on new products and services. Such areas can encourage FinTech startups to […]