Hong Kong, the main financial center of Asia, will introduce more banks to participate in digital RMB cross -border applications.
According to Hong Kong Zhongtong News Agency, Xu Zhengyu, director of the Financial Affairs and Treasury Bureau of the Hong Kong Special Administrative Region Government, delivered a video of the main forum in China (Shenzhen) Fintech Conference on Wednesday (November 29).
Xu Zhengyu said that the preliminary technology test conducted by the People's Bank of China and the Hong Kong Financial Administration on cross -border payment in digital RMB has been completed. At present, the second phase of technology testing will be introduced.Participate in and quickly add value to digital RMB wallet through the fast payment system.
Xu Zhengyu said that according to relevant regulation and compliance requirements, it will support the innovative cross -border applications of digital RMB, and from the perspective of people's livelihood priority and two -way interconnection, facilitate retail payment.
Digital RMB is the legal currency of digital forms issued by the People's Bank of China since 2019.
According to the China News Agency in July, Bank of China (Hong Kong) and the parent company China Bank jointly launched the "Cross -border Shopping Festival" activity of the Digital RMB.Mainland Chinese customers participating in the event can accept designated digital merchants in Hong Kong to spend with digital RMB and enjoy a convenient shopping experience.
