TechFlow News: On February 15, according to a report by the Hong Kong Wen Wei Po, Professor Yang Wang, Vice-President of the University of Hong Kong, wrote that digital RMB has already been trialed for settlement in Hong Kong’s digital asset market. Furthermore, primary issuances of HKD- and RMB-denominated bonds—beyond conventional settlement methods—rank among the world’s first digital bonds to incorporate both digital RMB and digital HKD into their settlement processes. Additionally, Hong Kong is poised to become the optimal market for onboarding mainland China’s real-world assets (RWAs). As regulatory frameworks mature and the market evolves, an increasing volume of RMB-denominated assets will have opportunities to be issued as digital assets in Hong Kong, with digital RMB naturally serving as the preferred settlement currency. From a developmental perspective, stablecoins will become one of the key usage habits for overseas market participants. Offshore RMB stablecoins represent one potential future pathway for RMB internationalization, while digital RMB deposits and digital RMB liquidity assets provide the essential reserve backing for such offshore RMB stablecoins.
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