Seven institutions including Bank of China Hong Kong, HSBC and Microsoft have become initial members of the HKMA Ensemble Project Framework Working Group

HKMA today announced the establishment of the Ensemble Project Framework Working Group. It is reported that the working group is composed of cross-disciplinary industry representatives, including regulators, international organizations, academia, local and multinational banks, key players in the digital asset industry and technology companies. Initial members include the HKMA, the Securities and Futures Commission, the Hong Kong Centre under the Bank for International Settlements Innovation Hub, the CBDC Expert Group and seven private institutions, namely Bank of China (Hong Kong), Hang Seng Bank, HSBC, Standard Chartered Hong Kong, HashKey Group, Ant Digital Technology and Microsoft Hong Kong.