HK ࢀ˜Exploringࢀ™ Collaboration With China on Digital Yuan: Finance Chief

Hong Kong Treasury Secretary Christopher Hui said Wednesday the regionࢀ™s government is considering collaborating with mainland authorities on Chinaࢀ™s digital currency project, the digital yuan. Hui said during a Legislative Council Q&A Hong Kong is most interested in wholesale and cross-border digital currency use cases, a contrast to Chinaࢀ™s primarily retail-facing digital yuan, also known as DC/EP. ࢀœIf the [digital yuan] can be applied to cross-boundary payments, it would further promote the mutual connectivityࢀ between China and Hong Kong, he said. Officials at the Hong Kong Monetary Authority plan to continue discussing the digital yuan with their counterparts at the…