The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Monetary Authority (HKMA) and the Polish Financial Supervision Authority (KNF) signed and exchanged a Memorandum of Understanding (MoU) today (March 9) to enhance fintech collaboration between the two authorities, with a view to strengthening co-operation between the two places in promoting innovative financial services.
      
     The MoU was signed between Deputy Chief Executive of the HKMA Mr Howard Lee and the Chairman of the KNF, Mr Marek Chrzanowski, today in Hong Kong. Under the MoU, the HKMA and the KNF will collaborate on joint research projects, information exchange, mutual consultations and expertise sharing.
      
     Mr Lee said, "We are pleased to foster a closer relationship with the KNF to better support fintech and innovative financial services across the two jurisdictions. Poland is prioritising on fintech and seeks to become a regional fintech hub in Europe. The co-operation between the HKMA and the KNF would enable the two authorities to benefit from each other's experience and expertise."
      
     Mr Chrzanowski said, "Recently KNF has taken part in a number of activities to support the development of the fintech sector in Poland and we look forward to fruitful collaboration with Hong Kong which is one of the main financial technology centres in Asia. Mutual consultation and sharing best practice in financial innovations between HKMA and KNF will enable us both to better follow technological change in the financial markets and adapt the supervisory environment to new business models based on modern technological solutions."

Ends/Friday, March 9, 2018
Issued at HKT 14:52

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