Hong Kong Monetary Authority: Digital RMB is expected to further expand the scope of pilot projects in Hong Kong

Li Dazhi, Vice President of the Hong Kong Monetary Authority, stated that the Hong Kong Monetary Authority has been collaborating with the People's Bank of China Digital Currency Research Institute to promote cross-border pilot testing of digital renminbi in Hong Kong. After completing exercises with multiple operating agencies and local banks in Hong Kong earlier this year, it is expected that digital renminbi will further expand its pilot scope in Hong Kong. Li Dazhi said that more Hong Kong citizens will be able to easily open and use digital renminbi wallets, and recharge their digital renminbi wallets through "Zhuansukuai", in order to facilitate the payment needs of Hong Kong residents living or consuming in the mainland; Mainland tourists can also use digital renminbi wallets for consumption in Hong Kong, providing payment support for the "one-hour living circle" in the Guangdong-Hong Kong-Macao Greater Bay Area.