Shenzhen: Make good use of networking mechanisms such as the HKMA fintech regulatory sandbox to encourage regulatory technology projects to enter testing

The Shenzhen Municipal Monetary Authority publicly solicited opinions on the "Shenzhen Municipal Exposure Draft on Supporting the High-Quality Development of Digital Finance". It proposed that the urban area should jointly promote the construction of digital RMB application demonstration zones, promote the construction of digital RMB cross-border transfer and international business centers, and expand cross-border transfer scenarios in an orderly manner. Strengthen international exchanges and cooperation. Make good use of the financial technology innovation regulatory tools of the People's Bank of China, the HKMA financial technology regulatory sandbox, and the networking and docking mechanism of the Macao Monetary Authority's innovative financial technology pilot project. Support the expansion of the scope of application and promotion under the premise of controllable risks, and encourage the entry of regulatory technology projects into testing. Strengthen linkage and cooperation with international activities such as Hong Kong Financial Technology Week, and gradually enhance the visibility of Shenzhen's financial technology. Give full play to the role of organizations such as the Shenzhen-Hong Kong-Macao Fintech Alliance, launch a fintech internship program in Hong Kong, and explore and improve the cooperation and exchange mechanism with Hong Kong and Macao in the field of fintech.