Chen Weimin, deputy chief executive of the Hong Kong HKMA: testing using digital RMB as a cross-border payment tool in Hong Kong

[Chen Weimin, Deputy Chief Executive of the Hong Kong Monetary Authority: testing using Digital RMB as a Cross-Border payment tool in Hong Kong] April 22, Chen Weimin, Deputy Chief Executive of the Hong Kong Monetary Authority, said at the Fifth Guangdong-Hong Kong-Macau Greater Bay Area Financial Development Forum that the people's Bank of China and the Hong Kong Monetary Authority are working together to test the use of digital RMB as a cross-border payment tool in Hong Kong to enhance the efficiency of cross-border payment services and user experience. It is believed that in the future, residents of the two places will be able to provide an additional safe, convenient and innovative option for cross-border life, tourism and retail consumption in the Greater Bay area.