At the Fourth International Financial Leaders Investment Summit and Hong Kong FinTech Week 2025 in Hong Kong, People’s Bank of China Vice Governor Lu Lei outlined plans to further deepen connectivity between mainland China and Hong Kong financial markets and services, including strengthening Hong Kong’s offshore renminbi market and supporting its role as an international financial centre, alongside continued high-level opening of China’s financial sector. The central bank plans to use fintech innovation to deliver more efficient and convenient cross-border payment services to support economic integration between the two jurisdictions, and to explore new arrangements for cross-border payment cooperation using central bank digital currency. It also highlighted further exchanges and cooperation with stakeholders in fintech to support the development of the digital economy.
Central Bank of the Republic of China 2025-11-04
People's Bank of China sets out steps to deepen mainland Hong Kong financial connectivity and explore cross-border digital currency payment cooperation
At the Fourth International Financial Leaders Investment Summit and Hong Kong FinTech Week 2025, People’s Bank of China Vice Governor Lu Lei announced plans to enhance connectivity between mainland China and Hong Kong financial markets, including strengthening Hong Kong’s offshore renminbi market. The central bank aims to leverage fintech innovation for efficient cross-border payment services and explore central bank digital currency arrangements, with further cooperation with fintech stakeholders to support the digital economy's development.