hkfinance

SPECIAL COVERAGE: Hong Kong's Key Role in BIS mBridge Project for Cross-Border CBDCs
New York, NY – December 12, 2025 – 04:15 AM EST
Hong Kong is confirming its vital status in the future of international digital payments through its continued participation in the Bank for International Settlements (BIS) mBridge project. This multi-CBDC initiative is charting the course for next-generation cross-border finance.$WCT

The mBridge project is a collaborative effort focused on testing and developing a shared platform for wholesale cross-border payments using various central bank digital currencies. Hong Kong remains a crucial partner, actively involved in the testing that includes the Digital Yuan (e−CNY) and other digital currencies.
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This engagement allows Hong Kong to be at the forefront of digital currency innovation, exploring highly efficient and cost-effective methods for international settlements. It directly aligns with the territory's strategic goal of strengthening its position as a major global financial gateway for both mainland China and the wider Asian market.
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Hong Kong's commitment to mBridge underscores the territory's proactive role in shaping the operational future of global digital money, reinforcing its image as a sophisticated hub for cutting-edge financial technology and cross-jurisdictional cooperation.
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