HKMA launches Quantum Preparedness Whitepaper and Index for banks
HKMA published a Quantum Preparedness Whitepaper and inaugural Quantum Preparedness Index (QPI) for Hong Kong's banking sector.
HKMA is formalising expectations around banks' preparedness for quantum computing threats to cryptography. The Whitepaper and QPI provide a benchmarking tool and signal future supervisory attention on post-quantum cryptography (PQC) transition planning.
Sets baseline supervisory expectations on quantum risk, cryptographic resilience, and long-horizon technology risk management for banks in Hong Kong.
Action Required
Assess cryptographic inventory, quantum-safe migration roadmap, and benchmark readiness against the HKMA QPI framework.
First formal HKMA framework on quantum risk; signals emerging supervisory expectations on PQC migration across the sector.
Emerging technology risk: HKMA QPI introduces benchmarking on quantum readiness. Review cryptographic inventory, key management, and PQC roadmap; align remediation plans with HKMA Fintech Blueprint.
“The Hong Kong Monetary Authority (HKMA) announced today (27 July) the launch of the Whitepaper on Quantum Preparedness of Hong Kong's Banking Sector, together with the first Quantum Preparedness Index (QPI) and relevant support measures for the industry, developed under the HKMA's Fintech Promotion Blueprint.”