The Chinese University of Hong Kong (CUHK) together with four other local universities, signed a Memorandum of Understanding (MoU) with The Hong Kong Monetary Authority (HKMA) on 20 October 2023 for the establishment of a Central Bank Digital Currency (CBDC) Expert Group in supporting the foster of collaboration and exchange on CBDC research between the practitioner and the academia.
The MoU was signed by Prof. Hon Ki TSANG, Interim Dean of the Faculty of Engineering of CUHK and Mr Colin POU, Executive Director (Financial Infrastructure) of HKMA.
Professor Tsang remarked, “It is our honour to be a part of the CBDC Expert Group, working alongside the HKMA and other experts to address key policy and technical issues in CBDC research. The Faculty of Engineering is recognized for our excellence in research. With our experts in Engineering and FinTech, we are delighted to witness the development and enhancement of CBDC research with our advanced technologies.”
Through the establishment of the CBDC Expert Group, experts from a range of disciplines, including business, computer science, economics, finance, and law are brought together with the aim to foster collaboration and knowledge exchange on CBDC research work. Under the MoU, the group will support the exploration of key policy and technical issues surrounding CBDC, and offer advices, training sessions, and workshops pertaining to CBDC and related fintech topics to the HKMA.