Central Banks of PH and Hong Kong Bolster Cooperation

The Bangko Sentral ng Pilipinas (BSP) and the Hong Kong Monetary Authority (HKMA) have held a High-Level Bilateral Meeting to exchange views and strengthen cooperation in various areas of central banking.

Officials from both institutions discussed and shared insights on capital market development, digital payments and connectivity, digital banking, and sustainable finance. I Photo: Calvin Ng, China Daily

The meeting, hosted by the BSP, was led by BSP Governor Eli M. Remolona, Jr. and HKMA Chief Executive Eddie Yue.

Officials from both institutions discussed and shared insights on capital market development, digital payments and connectivity, digital banking, and sustainable finance.

Key topics covered included the bond market ecosystem, multilateral digital payment projects, cybersecurity risk management and consumer protection, digital financial literacy, and climate risk stress testing, along with other green finance initiatives.

The BSP and HKMA also explored potential collaborative activities to further deepen and enhance their longstanding cooperation and bilateral ties.

“The BSP and HKMA also explored potential collaborative activities moving forward, to further broaden and enhance their longstanding cooperation and bilateral ties,” the BSP stated.