RESOURCE
On November 2, 2026 the Hong Kong Monetary Authority and the Hong Kong University of Science and Technology released a PQC Toolkit to help banks govern, measure and plan their post-quantum transition, after the sector scored 2.3 out of 10 on the HKMA's first Quantum Preparedness Index in July 2026.
Fabric Networks
Start with a conversation about your cryptographic posture.
The Hong Kong Monetary Authority and HKUST, with industry input, have published a post-quantum cryptography toolkit for authorized institutions. It covers governance and accountability, assessing cryptographic exposure, identifying transition needs and monitoring implementation progress, with practical tools for taking stock of cryptographic assets and dependencies, setting transition priorities, strengthening supplier engagement and developing transition timelines. The HKMA says it will update the toolkit as technology, international standards and industry experience evolve.
The toolkit follows the HKMA's first Quantum Preparedness Index in July 2026, which scored the banking sector at 2.3 out of 10. The stated goal is a score of 10, described as full quantum readiness, by 2030. Arthur Yuen, Deputy Chief Executive of the HKMA, said the index has established a clear starting point for the sector.
A regulator measured its banks, published the number, and then handed them the method to fix it. That is the pattern Canadian institutions should expect from their own supervisors and their counterparties. Every pillar of the Hong Kong toolkit starts from the same place: a cryptographic inventory and a map of who depends on what. You can't fix what you can't see. For a credit union or a regional bank the practical step is the same as for a utility: an inventory an auditor will accept, then a dated plan. Discovery to remediation, without rip and replace.