China Securities Regulatory Commission: Orderly Conduct Pilot of Digital RMB in Hong Kong

BlockBeats News, March 1st. According to a report by CCTV News, the China Securities Regulatory Commission recently issued a reply letter regarding the proposals of the Second Session of the Fourteenth National Committee of the Chinese People's Political Consultative Conference.

It mentioned that the China Securities Regulatory Commission and relevant departments will further optimize and expand the interconnection between the mainland and Hong Kong financial markets. They will continue to optimize mechanisms such as Stock Connect, Bond Connect, and Mutual Recognition of Funds. Building on past experiences, they will conduct in-depth research on the feasibility of Hong Kong companies listing on the mainland and, in response to market demand, continuously promote the optimization of the "Wealth Management Connect" business pilot. In conjunction with practical developments, they will orderly conduct a trial of the digital RMB in Hong Kong, comprehensively deepen the close practical cooperation between the mainland and Hong Kong, and consolidate and enhance Hong Kong's status as an international financial center.