Hong Kong Financial Management Bureau: The feasibility of the "Digimon Hong Kong dollar" has been reviewed from the technical and policy level

Zhongxin Jingwei, September 20th. According to the website of the Hong Kong HKMA's website on the 20th, the Hong Kong Monetary Administration issued the policy position document entitled "Digital Hong Kong dollar" -the new step "to explain the Hong Kong HKMA's digital currency of the central bank at the retail level ( That is, the policy position and future development direction of "Digital Hong Kong dollars" or E-HKD.

According to reports, one of the directions of the Hong Kong HKMA's "Fintech 2025" strategy is to strengthen the research on the central bank's digital currency and make Hong Kong fully prepare for it. The Hong Kong Monetary Administration has reviewed the feasibility of issuing the "Digital Hong Kong dollar" in Hong Kong from the technical and policy level, and conducted two rounds of market consultation on high -level technical design and main policies and design matters.

The Hong Kong Monetary Administration received a total of 75 responses in the market consultation. On the whole, responders support the "Digital Hong Kong dollar" project, and believe that the "digital Hong Kong dollar" has potential, which can make payment more effective, and at the same time promote the development of the digital economy. At the same time, respondents also pointed out that it is necessary to discuss matters such as privacy guarantee, legal considerations, and application scenarios. According to the obtained and received opinions, the Hong Kong HKMA will start work to prepare for the launch of the "Digital Hong Kong dollar" in the future, and will adopt a three -track method:

The first track aims to launch a technical and legal foundation for the launch of the "Digital Hong Kong dollar" in the future. Specifically, the Hong Kong HKMA will formulate plans to develop the wholesale level in the two -layer structure of the "Digital Hong Kong dollar". In addition, the HKMA will review different categories to prepare for the practice, so that the legal foundation gives a digital currency to make it a legal currency and allow it to be issued in Hong Kong.

The second track will be parallel with the first track. The Hong Kong Monetary Administration will study in -depth research cases in the second track, as well as the application, implementation and design matters related to the "digital Hong Kong dollar". It will also closely cooperate with different stakeholders to conduct a series of experiments to obtain actual experience.

The third track is related to the official launch of the "Digital Hong Kong dollar", mainly to summarize the phased results of the first and second orbit, so as to make a more comprehensive deployment, and order the "digital Hong Kong dollar" timetable. Progress will depend on the actual progress of the first and second rail work, as well as related development pace of the local and international markets.

Yu Weiwen, President of the Hong Kong Monetary Administration, said, "The results of the two -round market consultation show that the" Digital Hong Kong dollar "project has been widely supported. We are happy to see such a positive response, and we also agree that the response is referred to. Wait for events and development and application scenarios. "

Yu Weiwen said that as a central bank agency in Hong Kong, the Hong Kong HKMA will strive to prepare for the development of digital currencies for central banks. It will also provide appropriate soil to sprout and grow innovative ideas to ensure that Hong Kong can continue to play a leading role in the global financial field. (Zhongxin Jingwei APP)

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