ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Caixin

China's central bank tests digital yuan across borders

Experimental currency gives Hong Kong and mainland tourists added payment option

China's central bank has put its virtual yuan through a new set of paces by allowing select Hong Kong residents to use it to make payments across borders, state media reported Thursday.

Under a one-day pilot program sponsored by the People's Bank of China, Hong Kong residents could use the central bank-developed digital currency to pay for things in the neighboring city of Shenzhen, across the border between the special administrative region and South China's Guangdong Province, according to the state-run Shenzhen Special Zone Daily newspaper.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more