The HKUST Business School signed a Memorandum of Understanding (MoU) with the Hong Kong Monetary Authority (HKMA) to strengthen collaboration in applied cybersecurity research tailored to the evolving needs of Hong Kong’s financial sector.
The strategic partnership establishes a framework for joint efforts to advance research and knowledge in the critical area of cybersecurity. The collaboration aims to develop practical applications, raise awareness of emerging threats, and foster specialized talent to support the sector’s long-term development.
Under the MoU, the School and the HKMA will explore innovative supervisory technology (Suptech) and regulatory technology (Regtech) solutions, leveraging cutting-edge technologies such as large language models. These efforts are expected to enhance the HKMA’s supervisory capabilities and improve the cybersecurity resilience of the financial industry.
To ensure the relevance and impact of the research, both parties will actively engage with financial institutions to validate outcomes and gain deeper insights into the sector’s evolving cybersecurity needs and challenges.
Prof. HUI Kai-Lung (front row, right), Acting Dean of HKUST Business School; Ms. Carmen CHU (front row, left), Executive Director (Banking Supervision) of HKMA; Prof. CHAN Che-Ting (back row, right), Director of Research Office of HKUST; and Mr. Alvin LI (back row, left), Head (Supervisory Technology) of HKMA
The collaboration aims to co-develop impactful solutions that address real-world cybersecurity challenges and contribute to the resilience of Hong Kong’s financial ecosystem.