Hong Kong Monetary Authority Vice President Chen Weimin: Testing the use of digital renminbi as a cross-border payment tool in Hong Kong

ChainCatcher news, Hong Kong Monetary Authority Vice President Chen Weimin stated at the 5th Guangdong-Hong Kong-Macao Greater Bay Area Financial Development Forum that the People's Bank of China and the Hong Kong Monetary Authority are collaborating to test the use of digital renminbi as a cross-border payment tool in Hong Kong, enhancing the efficiency of cross-border payment services and user experience. In the future, it is believed that this will provide residents of both places with an additional safe, convenient, and innovative option for cross-border living, tourism, and retail consumption in the Greater Bay Area. (Source link)