Hong KongThe digital yuan has handled 31 trillion yuan, central bank data show.
The People’s Bank of China is extending it to offshore banks, starting with Hong Kong branches.
The upgraded cross-border platform lets overseas banks settle digital payments around the clock without rebuilding legacy technology systems.
The central bank’s Lu Yuan wants Hong Kong branches of its 30 operator banks opening client accounts soon.
How each outlet framed it
- South China Morning Post
- reports PBoC's Lu Yuan saying 30 domestic banks are e-CNY operators and that offshore branches in Hong Kong are next, framing it as deepening cross-border integration
Sources: South China Morning Post