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Hong Kong Monetary Authority: Fast Payment System and Wallet Value Enhancement Technology Testing for Digital RMB have entered the second phase

Li Dazhi, vice president of the Hong Kong Monetary Authority, wrote an article in Huisi on the 9th, saying that the rapid transit (Hong Kong's fast payment system FPS) had reached 10.9 million registrations by the end of August, and the use of it continued to grow steadily. The relevant departments of the SAR government cooperated with the People's Bank of China's Digital Currency Institute, and Hong Kong became the first cross-border pilot of digital RMB outside the mainland for technical testing. The technical testing has entered the second phase, mainly testing the appreciation of digital RMB wallets through fast rotation. The scope and scale of the testing have also been expanded, and the number of participating banks has increased from 1 to 4. Currently, the progress is good, and more digital RMB operating institutions and local banks will be introduced to participate in the testing in a timely manner, so that Hong Kong residents can use digital RMB in mainland China in the future.