The expansion of the use of the renminbi is the first step for Hong Kong to go international, and it is also the most important weapon to counter the hegemony of the US dollar.
On May 17, Hong Kong residents can start applying for personal e-CNY wallets with their Hong Kong mobile phone numbers. These renminbi can be used in the Hong Kong-Macao Greater Bay Area, as well as in other parts of the mainland to consume services, and it is more convenient to go north to Shenzhen, and you can use digital yuan to consume.
Of course, the Hong Kong digital yuan wallet is said to be only for spending, not for transfers. Previously, Hong Kong residents had to open an account with a mainland bank to obtain a hard wallet for the digital yuan. At present, Hong Kong people go north to Shenzhen to consume super prosperous, in full swing, every time you go to Shenzhen, you have to change some RMB, it is really inconvenient, and the digital yuan is the country's legal tender, everyone has to accept it, everyone in the consumption of direct payment, it is really convenient. In addition, the digital yuan has also launched an overseas version of the APP. It is more convenient for foreigners to visit and use China.