Hong Kong’s central bank puts a number on lenders’ quantum preparedness. It’s very low.
The Hong Kong Monetary Authority published a whitepaper on the quantum preparedness of Hong Kong’s banking industry and its first Quantum Preparedness Index.
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Summary
- The Hong Kong Monetary Authority gave the banking sector a Quantum Preparedness Index score of just 2.3 out of 10.
- Most banks remain stuck in the awareness phase, with few formal plans or pilot projects for post-quantum cryptography.
- The HKMA aims to lift the industry to a 10 by 2030 through toolkits, workshops and skills training, as global regulators, including the U.S. government, push parallel timelines for quantum development and post-quantum security upgrades.
