News Snapshot:
Hong Kong is closely monitoring the roll-out of the digital renminbi developed by the People’s Bank of China, and would like to see it used in the city HKMA has also been working with PBOC to set up a pilot scheme in Shenzhen called eTrade Connect since November Hong Kong Monetary Authority said it has been working with China’s central bank and other regional monetary authorities on how to use digital currencies and trade platforms for fostering cross-border payments in the ‘Greater Bay Area’ development zone and Southeast Asia. Hong Kong Monetary Authority (HKMA) said it has been working with...
