HONGKONGMONETARYAUTHORIET香港金融管理局Quantum Preparedness of Hong Kong'sBanking SectorJulv 2026SupportedbyQUINLANKPMG&ASSOCIATES
ContentsForewordp.3ExecutiveSummaryp.401QuantumComputingp.602Post-Quantum Cryptographyp.1303CurrentHongKongLandscapeD.2204p.40Way Forward05Appendixp.50QuantumPreparednessofHongKona'sBankina Sector
ForewordExecutiveQuantumPost-QuantumCurrentHongAppendivWayForwardSummaryComputingCryptographyForewordsupport responsible innovation while safeguarding theand trust that are fundamental to then preparation for the quantum era. thethe industry to beginand build the capabiities,technicalhagement engagement,development,andosystem. It also calls for(Als),othe'willness the benefits of technologicalto support the industry through, and capacity- evolves,thetoquantumess across the banking sector.quantumeraisa shared responsibiy tcommitment and close colaboration,psystem.By acting early andhanceHongKong'sreadinesscontinued evolution of alcelerates, reslence and tust must keepagenda. Under"Fintech 2030"1,one of thehow Hong Kong will remain future-ready instrenathen technologyquantum resilence. This underscores a clearintent toifintehe20 th Hhong Kong inted We k 205 tbs lwhkmagpv hkenghews-andmedialpesQuantumPreparednessofHonaKona'sBankinaSecto
ExecutiveQuantumPost-QuantumCurrentHongAppendixForewordWayForwardSummaryComputingCryptographyExecutive Summaryyet fully established. A small but notable group of Alsprogress, includinaformai structured planning, pilot activitypractices. Nonetheless, thearriers to advancingestablishedncooperability testingcorethatPQCreadinessopportunityPQC readinessvalidatewhilenbedding PQC readiness into business-as-usual (BAU)such as coer risk managenent, operationalindicatesthatthemanagementandchange,transition. Across the maiority of Als. formal govdedicated funding, workforce trainingassessments, cryptographicThe paper also identifies areas where extemal supportplanning, testing protocols and progress monitoring are can accelerate sector-wide readines. Als have expressed
ForewordExecutiveQuantumPost-QuantumCurrentHongWayForwardAppendiSummaryComputingCryptographyctrona demand for sunervisorv claritv. practical quidanceplatforms including Hong Kong FinTech Week, FilNETechTnusryKowedge sharing and failtaedevents and other targeted forums. These efforts aimtoenvironments. In response.theHKMAwill support thehelpAlstranslatePQCconceptsintotanaibleactionssector through intiaives such as providing supervisonpromote consistency across the sector and encourageguidance.traininadevelopingPQCcoordinated engagement with vendors and other extematoolkits in collaboration with academic partners, andstakeholders. faclitating industry collaboration and engagement throughIn the immediate term, Als can take several practical steps to advance their PQC readinessEngage the board, framing quantum risk as an enterprise risk and establishing it as a standing item in riskgovernancecrossesfunctionallines Commision a cryporaphie inventoy aeepingt il emered a rstsan imprve wititerationEngage critical v...
