Users can now download and install the "Digital RMB" (English name: e-CNY) wallet application through the smartphone application store, and can use RMB for value-added services through 17 retail banks in Hong Kong via Faster Payment System (FPS). Some banks that provide FPS value-added services can offer real-time exchange services for customers, allowing direct exchange of Hong Kong dollars to RMB in the wallet, and the exchange rate will be displayed in real-time for reference. Hong Kong residents only need to register with their Hong Kong mobile phone number to open a digital wallet in real-time, without real-name registration or the need to open a mainland bank account, and can perform wallet value-added services via FPS. Currently, the four types of wallets opened by Hong Kong users in the pilot phase can be used for retail payments, not limited to use in the Greater Bay Area, but also for consumption in other pilot areas in mainland China, but cannot be used for personal transfers.

PANews reported on March 27 that according to the Shanghai Securities News, Li Dazhi, vice president of the Hong Kong Monetary Authority, said today that the Hong Kong Monetary Authority has been working with the Digital Currency Institute of the People's Bank of China to promote the cross-border pilot test of digital yuan in Hong Kong. Mr Lee said that more Hong Kong citizens will be able to easily open and use e-RMB wallets and top up their e-RMB wallets through the Faster Payment System (FPS) to facilitate the payment needs of Hong Kong residents living or spending in the Mainland, while mainland tourists can also use e-RMB wallets to spend in Hong Kong, providing payment facilities for the "one-hour living circle" in the Guangdong-Hong Kong-Macao Greater Bay Area.

Odaily Planet Daily News market data shows that the FPS chain game MATR1X FIRE project token FIRE rose 15% in 24 hours and is now trading at 1.07 USDT, with a 24-hour maximum of 1.19 USDT. The MATR1X platform announced that the skewer chest (KUKU X Collection Souvenir Chest) generated by staking MATR1X KUKU NFT will be traded on the chain on March 14th, and each KUKU souvenir chest will consume FIRE tokens when the case is opened, and will also produce MATR1X platform token MAX and out-of-print skin assets. In addition, the KUKU Souvenir Chest is an out-of-print treasure chest that was only produced in the early staking of the MATR1X KUKU NFT AND WILL NOT BE PRODUCED IN THE FUTURE.

PANews reported on February 28 that according to Jin Shi, the new budget of the Hong Kong SAR government was announced today (28th). The Financial Secretary of the Hong Kong SAR Government, Paul Chan, said that the pilot scope of "digital RMB" will be expanded in Hong Kong, so that the public will be able to easily open and use digital RMB Wallet, and add value through "FPS", further improving the efficiency and user experience of cross-border payments.

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It is reported that ICBC (Asia) is studying the next phase of application, or will add the use of "FPS" value-added functions, and if it is officially launched in the future, it will attract merchants to use low fees if it is officially launched in the future. In addition, according to Luo Jiahao, general manager of ICBC Asia's operation management department, the "analog digital HKD" physical card has reference to the payment services of its parent bank, ICBC, in the mainland, and may be studied whether it can be used in the mainland in the future.

The Secretary for Financial Services and the Treasury of the Hong Kong SAR Government, Mr Christopher Hui, mentioned in his reply that cross-border fintech cooperation is very important to promote the interconnection of electronic payments between the two places. The Digital Currency Institute of the People's Bank of China and the Hong Kong Monetary Authority (HKMA) are conducting the second phase of technical testing of e-CNY for cross-border payments in Hong Kong, attracting more Hong Kong banks to participate and add value to e-CNY wallets through FPS. e-CNY provides a safe, convenient and innovative option for residents of the two places to make cross-border retail purchases, enhancing the efficiency and user experience of cross-border payment services.

PANews reported on November 15 that according to a report by Golden Ten, the Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region Government, Mr Hui Ching-yu, mentioned in his reply to lawmakers that cross-border fintech cooperation is very important to promote the interconnection of electronic payments between the two places. The Digital Currency Institute of the People's Bank of China and the Hong Kong Monetary Authority (HKMA) are conducting the second phase of technical testing of e-CNY for cross-border payments in Hong Kong, attracting more Hong Kong banks to participate and add value to e-CNY wallets through FPS. e-CNY provides a safe, convenient and innovative option for residents of the two places to make cross-border retail purchases, enhancing the efficiency and user experience of cross-border payment services.

Di Gang, deputy director of the Digital Currency Research Institute of the People's Bank of China, mentioned that the authorities had done some enterprise research earlier and found that many enterprises had a single channel between international trade, high cost and low efficiency. Some companies have expressed their desire to participate in a similar bilateral pilot between the mainland and Hong Kong, and use e-RMB to reduce cross-border costs for enterprises. He believes that under the framework of bilateral cooperation, the two places can study the application of e-RMB in cross-border payment for various commodity trade or service trade. Di Gang mentioned at the Fintech Week Forum in Hong Kong that the e-CNY app has supported mobile phone numbers in more than 100 countries and regions to register accounts, and in order to facilitate the public to open wallets, the app supports the association of overseas VISA, MasterCard and wallets to recharge wallets. Hong Kong users can also use FPS to top up their wallets with local bank accounts in Hong Kong without charging fees.

PANews reported on November 4 that, according to Xinhua Finance, Xing Guiwei, vice president of Bank of China Hong Kong, said when participating in the Hong Kong Fintech Week that Bank of China Hong Kong launched a cross-border pilot of digital yuan in 2020 and has entered the stage of large-scale promotion this year. Xing Guiwei said that BOCHK has carried out the exploration and practice of different application scenarios for e-RMB, with a special focus on the use of Octopus services by mainland visitors to Hong Kong, and has started the relevant docking development work. BOCHK has built a complete cross-border transaction chain and opened up cross-border capital channels, which not only support customers to top up the e-RMB wallet with the Bank's account, but also support customers of other local partner banks to recharge through the FPS system, so that customers in the north can use the Bank of China e-RMB wallet for online and offline payment.

Golden Finance reported that on October 30, Li Dazhi, deputy chief executive of the Hong Kong Monetary Authority, said on whether the e-Hong Kong dollar will be connected to the digital yuan issued by the mainland, and had previously tested the Hong Kong FPS to add value to the mainland's digital yuan wallet, and the connection between Hong Kong and the digital human currency does not need to be realized through the issuance of e-Hong Kong, if it is issued, it will inevitably have a smoother connection with the digital yuan. Li Dazhi said that more time is still needed to observe the ecological environment of the entire CBDC (central bank digital currency), mentioning that the United Kingdom, Singapore, etc. need to be prepared in years. He pointed out that if the issuance of e-HKD is implemented, it will allow the market to unleash creative applications, and the imposition of more restrictions will weaken its viability.

According to the HKMA, it received 954 bank complaints involving fraud in the first nine months of this year, up from 555 cases in the whole of last year. The Bureau issued a circular to banks yesterday requesting sufficient resources and experts to ensure that key anti-fraud co-operation measures in the three areas of information sharing, transaction monitoring and customer alert are rolled out as scheduled, including plans to add alerts on FPS in the next two months to remind users not to transfer funds to suspicious accounts. (The Letter)

Golden Finance reported that Hong Kong’s Deputy Secretary for Financial Services and the Treasury, Chen Haolin, said that digitalization can reduce costs and improve efficiency in the financial services industry. In addition, “digitalization” has given rise to new financial products and services, providing a framework for innovation. Hong Kong has a leading financial services ecosystem that can assist the digital transformation of countries or regions along the “Belt and Road”. Similarly, Thailand has a fast digital payment system “_Pay”. Currently, the Hong Kong Monetary Authority is jointly studying with the Bank of Thailand and is committed to connecting Hong Kong's "FPS" with Thailand's "_Pay" to achieve safe, effective and convenient cross-border payments between Hong Kong, China and Thailand. In this way, Hong Kong tourists going to Thailand or Thai tourists going to Hong Kong can make cross-border payments more conveniently. Furthermore, in October 2022, the Bank for International Settlements (Hong Kong) Innovation Center, the Hong Kong Monetary Authority, the Central Bank of Thailand, the Central Bank of the United Arab Emirates, and the Digital Currency Research Institute of the People's Bank of China jointly announced that on the Multilateral Central Bank Digital Currency Bridge (mBridge) platform For the first time, a real transaction pilot test based on the central bank digital currencies of four countries or regions was successfully completed. 20 commercial banks from the four places completed multi-scenario payment and settlement services for their customers based on the Currency Bridge platform, focusing on cross-border trade. This is another example of digitalization boosting cross-border trade.

Jinse Finance reported that Xu Zhengyu, the Secretary for Financial Services and the Treasury of Hong Kong, delivered a speech today at the Bay Area Fintech Salon and Shenzhen-Hong Kong Exchange Session. He said that there are currently more than 800 financial technology companies operating in Hong Kong, and their business covers virtual asset transactions. A variety of areas, including eight virtual banks, four virtual insurance companies, and two licensed virtual asset trading platforms. Xu Zhengyu also revealed that the Hong Kong Monetary Authority (HKMA) and the People's Bank of China (PBOC) jointly launched a cross-border financial technology "one-stop" test platform in 2022. Currently, two projects have completed testing, and relevant banks Preparations are being made to launch the product into the market. The preliminary technical test conducted by the Hong Kong Monetary Authority and the People's Bank of China on digital renminbi for cross-border payments in Hong Kong has been completed. The second phase of technical test is currently underway, involving the introduction of more Hong Kong banks and the rapid payment system "FPS". Digital RMB wallet value added.

According to news on September 6, Chen Haolian, deputy secretary of the Financial Services and the Treasury Bureau of Hong Kong, revealed at the "Financial Services Excellence Awards 2023" yesterday that the Hong Kong Monetary Authority and the People's Bank of China are conducting technical tests on digital renminbi for cross-border payments in Hong Kong. Including the technical feasibility of adding value with FPS. In addition, in order to promote the industry's more active investment in the research and development of new financial services and products, a total of 56 projects were approved in the second round of the "Paizhushang" financial technology proof-of-concept testing funding program, covering areas such as customer due diligence, ESG, virtual asset management and Fintech solutions such as central bank digital currency.

According to PANews news on June 27, Meta Platforms (META.O) launched a new virtual reality subscription service called META QUEST+, which is priced at $7.99 per month or $59.99 per year. The subscription is currently available for Quest 2 and Pro. Quest 3 will also be supported when it launches this fall. The first two games to launch were the action-rhythm FPS Pistol Whip and the arcade adventure Pixel Ripped 1995.

According to PANews news on June 25, according to Golden Ten, Chen Maobo, Financial Secretary of the Hong Kong Special Administrative Region Government, published an essay on the website of the Hong Kong Special Administrative Region Government, saying that in the past year, the business scope of Hong Kong International Financial Center has expanded and the products have become more diversified. , There are more sources of funds, and the cooperation with the mainland, especially the Guangdong-Hong Kong-Macao Greater Bay Area, is closer. Among them, in terms of financial infrastructure and innovation, the Hong Kong Monetary Authority is studying the application of digital Hong Kong dollars; the "multiple central bank digital currency cross-border network" (mBridge) has also entered the trial stage from the experimental stage; The cooperation has also entered the second phase of testing, with the goal of adding value to the digital RMB wallet through FPS in the future.

On June 25, Chen Maobo, Financial Secretary of the Hong Kong Special Administrative Region Government, published an essay on the website of the Hong Kong Special Administrative Region Government, saying that in the past year, the Hong Kong International Financial Center has expanded its business scope, diversified its products, and diversified its sources of funds. In terms of financial infrastructure and innovation, the Hong Kong Monetary Authority is studying the application of digital Hong Kong dollars; a variety of central bank digital currency cross-border networks (mBridge) have also passed the experimental stage Entering the trial stage; the cooperation with the People's Bank of China on digital renminbi cross-border retail payments has also entered the second stage of testing. The goal is to add value to the digital renminbi wallet through FPS in the future.