Liu Xingjuan, member of the Administrative Committee of the Monetary Authority of Macau: Macau has introduced regulatory requirements for innovative
2023 China (Shenzhen) Financial Technology Conference was held in Shenzhen on the 29th. Liu Xingjuan, a member of the Administrative Committee of the Macau Financial Management Bureau, said that the timely updating of laws and regulations and the regulatory arrangements that balance risk and innovation are important institutional environments that support the development of financial technology. To this end, the Macau Monetary Authority launched regulatory requirements for innovative financial technology pilot projects in September of this year, allowing financial institutions to implement innovative technology projects for a limited number of participating customers within their licensed business scope, subject to customer protection and risk control measures.
