Hong Kong Monetary Authority and Bank Negara Malaysia hold high-level meeting to strengthen cooperation on fintech and market connectivity

The Hong Kong Monetary Authority and Bank Negara Malaysia held a high-level bilateral meeting in Hong Kong on 2 October, agreeing to strengthen cooperation in areas including fintech and digital assets, cross-border regulation, use of local currencies and infrastructure interconnection within the region, and capital market connectivity. The two sides will establish a policy-focused joint working group to promote compliant cross-border stablecoin application scenarios in both places, and explore establishing a link between the Hong Kong Monetary Authority's Central Maturity Facility (CMU) and Malaysia's RENTAS.