On April 1, Wang Xin, director of the Research Bureau of the People's Bank of China, said at a press conference of the State Council Information Office that the design of China's digital renminbi is mainly used for domestic retail payments.
However, when conditions are ripe, if the market has such a demand, cross-border transactions using digital renminbi can also be achieved.
In the early stage, the Digital Currency Research Institute of the People's Bank of China and the Hong Kong Monetary Authority conducted technical tests on the cross-border use of digital renminbi in the Mainland and Hong Kong. This is a routine R&D test of the renminbi pilot.
In China, digital renminbi is being tried out in many regions, with more and more trial scenarios.
At the same time, it is also cooperating with the Hong Kong Monetary Authority to conduct technical tests on cross-border use.
(Produced by Cheng Yu and Wu Rui)
Editor in charge: [Wang Kai]