Hong Kong embraces fintech future

Which of the following cities is not in the Greater Bay Area?

Beijng

Shenzhen

Zhuhai

Dongguan

Which of the following is not part of the China Banking Regulatory Commission's masterplan?

Contactless payments

Trade finance

Encouraging use of renminbi as a global currency

More cross-border investments

Which body is developing the Bay Area Trade Finance Blockchain Platform?

The digital currency research lab at the People's Bank of China

Hong Kong Treasury

The People's Bank of China

HSBC

For what reason will regtech adoption be a necessity in 2021?

It will be mandated by the Governments of the Greater Bay Area

It will be necessary to trade with the large nations since they require regtech

Because regulators are demanding more granular and real time data

Because old regulatory systems will become obsolete

Which two key benefits will regtech bring for banks?

Granular and real time data

Improved growth agenda and improved compliance

Improved defensive strategies and risk management

Transformed risk management and significant growth opportunities

Which banks will be most successful in their use of regtech?

Banks in the Greater Bay Area

Those banks who use regtech to pursue their growth agenda

Banks in mainland China

Those banks that use regtech for developing defensive strategies

What has lately facilitated touchless and cashless transactions in mainland China?

Better availability of wireless technology in rural China

Improved technologies

Regulation requiring touchless transactions

Covid-19

What is the purpose of the FinTech Proof-of-Concept Subsidy Scheme?

To develop seamless payment settlement systems

To expedite the development of fintech

To match financial institutions with start ups

To create blockchain systems

Which of the following is the most likely way banks will embrace fintech?

Through regulation requiring them to use fintech

Because their international competitors will push them into using it or becoming irrelevant

By developing new fintech solutions in-house

By partnering with smaller fintech companies

Which of the following is a key area of focus for fintech companies?

Private wealth management

Innovation

Blockchain

Digital asset exchanges

Hong Kong embraces fintech future

Which of the following cities is not in the Greater Bay Area?

Which of the following is not part of the China Banking Regulatory Commission's masterplan?

Which body is developing the Bay Area Trade Finance Blockchain Platform?

For what reason will regtech adoption be a necessity in 2021?

Which two key benefits will regtech bring for banks?

Which banks will be most successful in their use of regtech?

What has lately facilitated touchless and cashless transactions in mainland China?

What is the purpose of the FinTech Proof-of-Concept Subsidy Scheme?

Which of the following is the most likely way banks will embrace fintech?

Which of the following is a key area of focus for fintech companies?

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