Eligibility:

• The applicant must be a company registered in Hong Kong that conducts substantive fintech activities.

• The applicant must partner with at least one qualified sponsoring bank in Hong Kong (as a project sponsor) to develop the proposed FSS 3.1 Pilot project through a co-creation collaboration model.

• The proposed project must be an original and innovative Fintech solution with a strong potential for commercialisation and wider adoption that fit into the HKMA’s regulatory mandate.

Mission:

• Accelerate the implementation of innovative Fintech solutions that has a high potential for commercialisation and wider adoption.

• Encourage Fintech firms to partner up and co-create with well-established industry players ( the “Sponsoring Bank(s)”) in Hong Kong to develop and implement high-value and innovative Fintech solutions.

• Accelerate the growth of Fintech communities and Fintech adoption in Hong Kong.

Funding:

• Each approved Pilot project will be 100% subsidised by the FSS 3.1 Pilot scheme, with funding up to HK$500,000.

• Eligible applicants and proposed pilot projects will be reviewed and approved by the HKCMCL before the funding is granted.

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Application:

• Each applicant may submit only one application, covering a single FSS 3.1 Pilot project.