Yu Weiwen, Chairman of Hong Kong Financial Institutions: Unveils Pathways for Cross-Border Digital Payments and Business Information Communications Next Week

According to Golden Financial News, the chairman of the Hong Kong Monetary Authority, Yu Weiwen, said the introduction of cross-border digital payments and "communication data" will be announced this next week. Yu Weiwen said that in terms of cross-border use of digital currency, Hong Kong is the most mature and closest to actual use. Financial Institutions, Popular Financial Institutions of China, Financial Institutions of Thailand, Financial Institutions of the United Arab Emirates and International Financial Institutions have completed “Ideation Tests” and are preparing to discuss business plans. It will be tested next year. In addition, Yu Weiwen pointed out that in recent years, the rapid growth of electronic payment in Hong Kong, the number of virtual banks now more than 1 million, ahead of the development of globalization. It is one of the few research tips that can have an impact on the financial industry.