Sou Hu Cai Jing·2026-03-18 02:21Group 1 - Bank of China Hong Kong has integrated its technology resources in mainland China, marking a significant adjustment in its fintech strategy by joining the Shenzhen Financial Technology Association [2] - The core of this adjustment involves the merger of two wholly-owned subsidiaries, with the original Bank of China Information Technology Services (Shenzhen) Co., Ltd. being replaced by the newly established Bank of China Digital Services (Nanning) Co., Ltd. Shenzhen Branch [3] - The new company's positioning has been upgraded from a Shenzhen-based subsidiary to a fintech company serving the Guangdong-Hong Kong-Macao Greater Bay Area and extending its services to Southeast Asia [4] Group 2 - Shenzhen has become a hub for bank technology subsidiaries, with four bank-affiliated tech companies currently established, highlighting its geographical advantages and talent pool [5] - The adjustment reflects a new trend in the banking industry's fintech competition, where banks are increasingly embracing digital transformation and shifting their focus from IT support to innovation [7] - The restructuring indicates that traditional banks are looking to their tech subsidiaries as innovation centers rather than cost centers, with a growing emphasis on roles related to application development and system management [7]