Odaily News Hong Kong is the first pilot outside the Mainland to conduct technical tests on the cross-border use of digital RMB. It has been tested for several years and is now finally on the right track. It is reported that the Hong Kong Monetary Authority will announce the details of the launch of digital RMB in Hong Kong as early as this Friday, further expanding the scope of the pilot of digital RMB in Hong Kong. In the initial stage, Hong Kong citizens can open digital RMB wallets through Industrial and Commercial Bank of China, Bank of China, China Construction Bank, and Bank of Communications, and can add value through Fast Payment System (FPS), directly deduct from RMB accounts, or deduct from Hong Kong dollar accounts and instantly exchange for RMB. At the same time, bank cards can also be used to add value, which is convenient for Hong Kong people to make cross-border payments to the Mainland. It is reported that the Hong Kong Monetary Authority will hold a press conference as early as tomorrow afternoon to announce the details of the launch of cross-border use of digital RMB in Hong Kong, which will be presided over by Li Dak-chi, deputy director of the Hong Kong Monetary Authority. This is to expand the scope of the pilot of digital RMB in Hong Kong, aiming to allow more Hong Kong citizens to conveniently open and use digital RMB wallets, and add value through Fast Payment System, facilitating cross-border payments in the Mainland for Hong Kong people in need, and facilitating mainland tourists to spend digital RMB in Hong Kong. (Sing Tao Daily)