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China’s currency goes global

Beijing is pushing for the wider international use of its currency. Photo: Shutterstock

News

Hong Kong

China

How Hong Kong’s yuan push is becoming a challenge to the US dollar

Illustration: Henry Wong

As geopolitical rivalries deepen, the city is rewiring its market infrastructure to cut reliance on the US dollar and power China’s currency.


How Hong Kong went from a yuan gateway to a complete currency ecosystem

Illustration: Brian Wang

Yuan can now be used in a wide variety of scenarios in the city, from multi-asset investments to hedging and consumption.


Beijing wants Hong Kong to sow the seeds for the digital yuan. Will its plans bear fruit?

 Illustration: Henry Wong

With the city as a test bed for China’s matrix of digital currencies and transfer services, the yuan’s reach and influence can expand, analysts said.


Hong Kong’s wider yuan push: a gateway to the world?

Illustration: Lau Ka-kuen

Vending machines at Central Ferry Pier No 8 have e-CNY as a payment option. Photo: Sam Tsang

David Lam says the response to the new payment option has been good. Photo: Edmond So

Government has made wider use of the currency a priority, but consumer habits and other obstacles remain.


In a four-part series, the SCMP investigates Hong Kong’s greater role in Beijing’s efforts to make the yuan more widely used outside mainland China.


Series

China’s currency goes global

In a four-part series, the SCMP investigates Hong Kong’s greater role in Beijing’s efforts to make the yuan more widely used outside mainland China.

In Focus | How Hong Kong’s yuan push is becoming a challenge to the US dollar

As geopolitical rivalries deepen, the city is rewiring its market infrastructure to cut reliance on the US dollar and power China’s currency.

In Focus | How Hong Kong went from a yuan gateway to a complete currency ecosystem

Yuan can now be used in a wide variety of scenarios in the city, from multi-asset investments to hedging and consumption.

In Focus | Beijing has made Hong Kong a lab for digital yuan. Will the experiment work?

With the city as a test bed for China’s matrix of digital currencies and transfer services, the yuan’s reach and influence can expand, analysts said.

In Focus | Hong Kong’s wider yuan push: a gateway to the world?

Government has made wider use of the currency a priority, but consumer habits and other obstacles remain.

China’s currency goes global

In a four-part series, the SCMP investigates Hong Kong’s greater role in Beijing’s efforts to make the yuan more widely used outside mainland China.

.css-1f6sr3w{color:#727272;}In Focus | How Hong Kong’s yuan push is becoming a challenge to the US dollar

As geopolitical rivalries deepen, the city is rewiring its market infrastructure to cut reliance on the US dollar and power China’s currency.

In Focus | How Hong Kong went from a yuan gateway to a complete currency ecosystem

Yuan can now be used in a wide variety of scenarios in the city, from multi-asset investments to hedging and consumption.

In Focus | Beijing has made Hong Kong a lab for digital yuan. Will the experiment work?

With the city as a test bed for China’s matrix of digital currencies and transfer services, the yuan’s reach and influence can expand, analysts said.

In Focus | Hong Kong’s wider yuan push: a gateway to the world?

Government has made wider use of the currency a priority, but consumer habits and other obstacles remain.

In Focus | How Hong Kong’s yuan push is becoming a challenge to the US dollar