According to Foresight News, Hong Kong's Deputy Secretary for Financial Services and the Treasury, Chan Ho-lim, said that the Hong Kong Monetary Authority and the People's Bank of China are conducting technical tests in Hong Kong on cross-border payments in digital RMB, including the technical feasibility of adding value through "FPS".
In addition, a total of 56 projects were approved in the second round of the "Pay and Live" Fintech Proof of Concept Testing Funding Program, covering fintech solutions such as customer due diligence, ESG, virtual asset management and central bank digital currency.