Bankers' Irresistible Trend and Challenges

"How Should Bankers Face Irresistible Trend and Challenges by New FinTech Companies and Third-party Payment Platforms?"

《銀行家應該怎樣應對來自金融科技公司和第三方支付平台的挑戰?》

Further to the joint release of a guideline regulating Internet finance activities by the People's Bank of China (PBOC), the Ministry of Finance and related Chinese authorities late July 2015, the Financial Services and the Treasury Bureau (FSTB) in Hong Kong has commenced operation of the Payment Systems and Stored Value Facilities Ordinance (PSSVFO), an attempt of implementing regulations on FinTech innovations. How does it actually impact the development of financial technologies in Hong Kong?

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