Quantum

HKUST and HKMA Launch PQC Toolkit for Banks

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 02/11/2026, 15:04:25 UTC.

Briefings

HKUST and HKMA launched a Post-Quantum Cryptography (PQC) Toolkit on November 2, 2026, to guide banks in transitioning to quantum-safe cryptography. The initiative supports the Hong Kong Monetary Authority's goal of raising the Quantum Preparedness Index (QPI) from 2.3 to 10 by 2030. The toolkit provides guidance on assessing cryptographic assets, setting migration priorities, and developing transition timelines. Industry participants supported the launch, which aims to translate awareness into concrete actions for the banking sector.

Key points

• HKUST and HKMA launched a PQC Toolkit on November 2, 2026, to guide banks in transitioning to quantum-safe cryptography.
• The QPI score increased from 2.3 to 10 by 2030, with the toolkit supporting this transition goal.

Context

The Hong Kong Monetary Authority launched the Quantum Preparedness Index (QPI) in July 2026 to assess banking sector readiness for quantum-safe cryptography. The QPI score of 2.3 indicated early-stage readiness, prompting the launch of the PQC Toolkit to help banks translate awareness into concrete actions and achieve full quantum readiness by 2030.

Limitations

The toolkit is available via a link provided in the source text. Specific implementation timelines, supplier engagement details, and industry participation numbers are not detailed in the evidence. The QPI score of 2.3 is a snapshot from July 2026, and the 2030 target is a forecast based on current progress.

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