HKMA and CBRT announce MoU exchange to strengthen financial innovation cooperation on 30 Jun 2026.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On Tue, 30 Jun 2026, the Hong Kong Monetary Authority ("HKMA") and the Central Bank of the Republic of Türkiye ("CBRT") announced the execution of a Memorandum of Understanding ("MoU") designed to fortify cooperation on financial innovation.
## Framework for Collaboration
This agreement formalizes a mechanism for information exchange and joint ventures on innovative projects. By aligning efforts on emerging technologies within financial services, the MoU enhances the strategic partnership between Hong Kong and Türkiye, with both parties committed to advancing fintech development in their respective markets.
## Executive Remarks
Mr Eddie Yue, Chief Executive of the HKMA, noted that this MoU solidifies the foundation for exchanging expertise as the HKMA expands its international fintech partnerships. He expressed confidence in building a dynamic, innovation-driven future for both jurisdictions. Mr Fatih Karahan, Governor of the CBRT, stated that the partnership deepens bilateral ties in a rapidly evolving fintech environment, underscoring a commitment to a technologically advanced and inclusive financial landscape.
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