China Securities Regulatory Commission: Gradually carry out trials of digital RMB in Hong Kong

ChainCatcher news, according to Jinshi reports, the China Securities Regulatory Commission (CSRC) issued a letter in response to proposals from the Second Session of the 14th National Committee of the Chinese People's Political Consultative Conference. It mentioned that the CSRC and relevant departments will further optimize and expand the connectivity between the mainland and Hong Kong financial markets, continuously improve mechanisms such as Stock Connect, Bond Connect, and mutual recognition of funds. They will conduct in-depth research and demonstration on the feasibility of Hong Kong companies listing in the mainland based on existing experiences, continuously promote the optimization of the "Cross-border Wealth Management Connect" pilot program in line with market demand, and orderly carry out the pilot of digital RMB in Hong Kong based on actual conditions, comprehensively deepening practical cooperation between the mainland and Hong Kong, and consolidating and enhancing Hong Kong's status as an international financial center.