HKMA, Bank of Thailand to join hands in fintech projectsBusiness | 14 May 2019 12:38 pm
The Hong Kong Monetary Authority and the Bank of Thailand signed a memorandum of understanding on May 12 to promote financial innovation.
The pact was signed by the Chief Executive of the HKMA, Norman Chan Tak-lam, and BOT Governor, Veerathai Santiprabhob, in Basel, Switzerland.
The HKMA and the BOT is to collaborate on referral of innovative businesses, information and experience sharing, and joint innovation projects.
One potential collaboration under consideration by the two authorities is a joint research project on central bank digital currency to which they may use knowledge and experience gained from their respective research studies, namely Project LionRock of the HKMA and Project Inthanon of the BOT.