QUANTUM THREAT INTELLIGENCE

HKMA and HKUST Launch Post-Quantum Toolkit for Banks: Sector at 2.3 of 10, Full Readiness Targeted for 2030

On November 2, 2026 the Hong Kong Monetary Authority and HKUST released a post-quantum cryptography toolkit covering governance, cryptographic exposure, transition needs and progress tracking, after the banking sector scored 2.3 out of 10 on the HKMA's first Quantum Preparedness Index in July. The target is full readiness by 2030. A regulator measuring its banks and publishing the number is the pattern Canadian financial institutions should expect from their own supervisors and counterparties.

SOURCE

Hong Kong Monetary Authority

DATE

November 2, 2026

Why this matters for your infrastructure

Every advance in quantum computing shortens the window for migrating long lived infrastructure off quantum-vulnerable encryption, and data captured today can be decrypted later. Fabric Networks helps energy, government, telecom and community networks move to quantum-safe encryption on their own timeline, not an adversary's.