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HKMA Reportedly Steps in to Follow up Hurdles Facing HK Banks in Filing Apps in CN
China's Ministry of Industry and Information Technology (MIIT) issued a notice in 2023, requiring all smartphone applications (apps) to be filed at the authority, and those app...
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HKMA Reportedly Steps in to Follow up Hurdles Facing HK Banks in Filing Apps in CN
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China's Ministry of Industry and Information Technology (MIIT) issued a notice in 2023, requiring all smartphone applications (apps) to be filed at the authority, and those apps that were available before the notice was issued needed to complete the filing by April 2024.

According to Hong Kong media, some local banks are still unable to complete the filing process because they have not met the requirements, but so far they have not been formally notified by the authorities of the removal of the apps from the market.

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Sources divulged that the HKMA has finally taken follow-up action and intends to discuss with the Mainland authorities to resolve the matter.

The HKMA responded that it was aware that the Hong Kong Association of Banks (HKAB) relayed to the Mainland authorities the Hong Kong banking industry's concerns about MIIT's filing requirements for internet apps. It would continue to liaise with the banking industry to monitor the development of the matter and take appropriate follow-up actions.

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