Shenzhen: Launching a pilot program for cross-border payments with digital renminbi in collaboration with Hong Kong

ChainCatcher news, according to a report by The Paper, on January 9, the Shenzhen Municipal Bureau of Local Financial Supervision and Administration released the "Opinions on Accelerating the Construction of Shenzhen International Wealth Management Center" on its official website, aiming to strengthen cooperation in wealth management between Shenzhen and Hong Kong and expand the opening of the wealth management market.

It is reported that the "Opinions" clearly state that Shenzhen supports the development of cross-border and offshore wealth management businesses, relying on the Financial Technology Research Institute of the People's Bank of China to deeply promote the pilot work of digital renminbi, and to jointly carry out the pilot of digital renminbi cross-border payments with Hong Kong, working together to create a demonstration zone for cross-border applications of digital renminbi. (source link)