Digital Yuan ‘Spurs Rise in Mainland China-Hong Kong Cross-border Payments’

The Chinese digital yuan pilot’s spread to Hong Kong may be playing a part in driving up cross-border payments, media outlets have suggested. Per China Fund News, via the Securities Times, certain types of “cross-border payments” between Mainland China and Hong Kong, as well as the mainland and Macau, have “increased tenfold” in the past 12 months.... Read More: Digital Yuan ‘Spurs Rise in Mainland China-Hong Kong Cross-border Payments’