Bank of China (Hong Kong) (China Bank of China Hong Kong) announced that after being approved by the Financial Management Bureau to launch the digital RMB sandbox test at the end of last year, the bank cooperated with the Bank of China mainland branch to start two phases of digital RMB in Hong Kong (E-CNY) Priority to experience activities and achieve staged results.

According to Sing Tao Daily, customers participating in the event appreciate the digital RMB wallets through BOC Hong Kong mobile banking, and can consume digital RMB in different merchants in the mainland and Hong Kong.During the event, customers mainly use digital RMB for offline consumption, especially small high -frequency payment scenarios, such as daily diet, transportation, retail shopping.

In addition, BOC Hong Kong also provides bills of receiving services and Hong Kong dollar liquidation services for merchants who accepted digital RMB in Hong Kong, and successfully verified the use of digital RMB for consumption in Hong Kong.

According to reports, in order to further promote the application of digital RMB, BOC Hong Kong will cooperate with the Bank of China Mainland Branch again to launch the first "Cross -border Shopping Festival" event in Hong Kong.Digital RMB consumption red envelopes allow customers to experience the convenience of digital RMB cross -border payment.

Chen Guang, deputy general manager of BOC Hong Kong Digital Currency Special Working Group, said that the bank has submitted the relevant digital Renminbi sandbox test report to the HKMA, and will be further based on the merchants and customers collected during the event.Improve the supporting of digital RMB products.

Chen Guang said that BOC Hong Kong will focus on the process of accelerating the application of customers to register to open the wallet to optimize the customer experience; and continue to promote the customer's experience to expand the scope of the merchant accepted by the digital RMB, so that mainland tourists can easily be conveniently in the mainland tourists in conveniently.Hong Kong uses digital RMB payment to further strengthen BOC Hong Kong's cross -border financial services.

According to Chinese media, digital RMB and paper banknotes and coins are equivalent, with valuable characteristics and legal compensation, supporting controllable anonymous; digital RMB wallets are used in use, and experience is similar to Alipay and WeChat payment.