Hong Kong Expands Digital Yuan Integration with Wallet Upgrades and Higher Limits

Hong Kong is accelerating the adoption of China's digital yuan (e-CNY), expanding merchant acceptance and exploring higher transaction limits to streamline cross-border payments. Financial Secretary Christopher Hui highlights the initiative as a pivotal MOVE toward secure and innovative payment solutions.

Since May 2024, the e-CNY pilot has seen growing retailer participation. Current wallet limits—RMB 2,000 per transaction, RMB 10,000 balance, and RMB 50,000 annually—may soon increase as Hong Kong authorities collaborate with the PBoC to enhance usability for travelers and businesses.

The HKMA is actively engaging banks and merchants to broaden e-CNY acceptance, emphasizing its role in improving cross-border trade efficiency. This push aligns Hong Kong's digital currency framework closer with mainland standards.