I. MAS establishes GFTN, a global finance and technology network, covering cross-border payments, tokenization, AI and more
Ⅱ.Boosting AI, energy industries, UK announces launch of National Quantum Computing Center
III. China Internet Finance Association Releases Standard on Implementation Guide for Financial Data Security Governance
IV. UK government launches industrial strategy green paper
The Monetary Authority of Singapore recently announced that it will set up a Global Finance & Technology Network, with the aim of driving the dynamic development of Singapore's fintech ecosystem and deepening synergies with the global fintech community.In its initial phase, the GFTN will focus on implementing a series of innovative initiatives, including building a regulatory sandbox framework, opening up cross-border payment channels, piloting digital asset and tokenization projects, and accelerating the adoption of artificial intelligence technology. In addition, GFTN will work closely with MAS to promote industry exchanges and policy discussions in the areas of payments, asset tokenization, AI and quantum technology.
(Source:mpaypass,October 30, 2024)
On October 25, 2024, the UK government announced the launch of a brand new National Quantum Computing Center to help the UK make breakthroughs in areas such as artificial intelligence, energy, and healthcare. The new facility, located in Harwell, will reportedly have 12 quantum computers, each designed to push the limits of this emerging technology. The UK government says this National Quantum Computing Center brings together business, academia and government departments in a commitment to work together to unlock the full potential of quantum computing.
(Source:weiyang,October 28, 2024)
Recently, the standard “Implementation Guide for Financial Data Security Governance” (hereinafter referred to as the “Guide”), which was compiled by the China Internet Finance Association, was officially released. The Guide covers key areas such as data classification and hierarchy management, data security risk management, data security system and data security technology system, providing a comprehensive theoretical basis and practical guidance for financial data security governance.
(Source:financialnews,October 29, 2024)
According to the British government website on October 14, the British Labour government released the Industrial Strategy Green Paper, initially identified 8 key industries to be focused on promoting in the next 10 years, and announced the establishment of the Industrial Strategy Advisory Committee to take the lead in refining and promoting the implementation of the relevant strategies.According to the green paper, advanced manufacturing, clean energy,creative industries, defense, digital and technology, financial services, life sciences, professional and business services, and other eight industries are listed as the British government focus on supporting key industries.
(Source: mofcom,October 25, 2024)
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Editor：Ms. Li Shuang, Development Dep. I of AFCA
E-mail：lishuang@afca-asia.org
Tel: +86-10-58018299
