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MNI BRIEF: HK To Expand E-CNY Use, Promote Global Yuan-Lee

CHINA
MNI (Singapore)

The Hong Kong government will further explore the retail use of e-CNY and push cross-border payments of digital currencies in the process of the yuan’s internationalization, said HK leader John Lee on Saturday in the Caixin Summer Summit. HK will expand the mBridge, a platform of multi-central government digital currencies for international payments, and consolidate its status as an offshore yuan international hub across the Guangdong-Hong Kong-Macao Greater Bay Area , Lee noted.

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