Hong Kong Monetary Authority: It is expected that the pilot scope of the digital yuan will be further expanded in Hong Kong

Sina Financial News Hong Kong Monetary Authority Vice President Li Dazhi said on March 27 that the Hong Kong Monetary Authority has been working with the People's Bank of China Digital Currency Research Institute to promote the cross-border pilot test of digital yuan in Hong Kong, following the completion of drills with a number of operating institutions and local banks in Hong Kong at the beginning of this year, it is expected that the digital yuan will further expand the pilot scope in Hong Kong. Mr Lee said that more Hong Kong citizens will be able to easily open and use e-RMB wallets and top up their e-RMB wallets through the Faster Payment System (FPS) to facilitate the payment needs of Hong Kong residents living or spending in the Mainland, while mainland tourists can also use e-RMB wallets to spend in Hong Kong, providing payment facilities for the "one-hour living circle" in the Guangdong-Hong Kong-Macao Greater Bay Area.