Hong Kong Legislative Council members call for in-depth cooperation with relevant mainland units to accelerate the progress of the digital Hong Kong dollar and actively study the promotion of the digital currency economy

ChainCatcher news, Hong Kong Special Administrative Region Legislative Council member Yan Gang stated in an interview that the development of the digital Hong Kong dollar should be accelerated, financial products enriched, and market influence enhanced. Digital currency adapts to the digitalization of finance and has the potential to lead innovation in the fintech sector. By establishing more efficient payment and financial infrastructure, digital currency can improve the efficiency and convenience of the financial industry. Developing digital currency in Hong Kong can also attract more fintech and blockchain-related companies to develop in Hong Kong, further promoting the city as an innovation center for fintech and enhancing the innovative technological content of the international financial center, thereby elevating its status as an international financial hub. It is recommended that the government learn from the experience of the mainland, collaborate deeply with relevant mainland units, accelerate the process of the digital Hong Kong dollar, and actively research the promotion of the digital currency economy.