Share this article
Hong Kong 'Exploring' Collaboration With China on Digital Yuan: Finance Chief
A cross-boundary digital yuan could bring Hong Kong closer to China, Hui said.
By Danny Nelson
Updated Sep 14, 2021, 10:22 a.m. Published Oct 21, 2020, 7:49 p.m.
Hong Kong Treasury Secretary Christopher Hui said Wednesday the region's government is considering collaborating with mainland authorities on China's digital currency project, the digital yuan.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- 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 China's primarily retail-facing digital yuan, also known as DC/EP.
- "If the [digital yuan] can be applied to cross-boundary payments, it would further promote the mutual connectivity" 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 People's Bank of China (PBoC), he said.
- "In addition, the Financial Services Development Council has formed a working group to study how Hong Kong can seize the opportunities from DC/EP's development," Hui said.
- Hui appeared to throw cold water on reports Wednesday that PBoC is already planning to trial-run the digital yuan in Hong Kong. But HKMA "will actively respond and collaborate" with PBoC if the interest is there, he added.
Mais para você
O que saber:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Mais para você
DOT Sinks 2% After Breaking Key Support
The Polkadot token erased earlier gains amid elevated volume, falling from a high of $2.09 to $1.97.
O que saber:
- DOT collapsed through ascending trendline support around the $2.05 level on a massive 284% volume surge.
- The token broke decisively below the support level to trade 2% lower over the last 24 hours.
Top Stories
