HONG KONG IS QUIETLY making deep connections to both Mainland China and the wider world to secure its future.
The city is:
Testing next-generation Chinese government digital currency for use in cross-border payments; Gathering mainland currency to a level of almost one trillion renminbi; Issuing bonds for China’s stand-out performers, such as Shenzhen and Hainan…
FOREIGN VISITORS TO the Winter Olympics in China will be able to use the new “electric renminbi” to buy things—even if they don’t have a bank account in the country.
China’s digital currency is being gently rolled out to the public, local and foreign, in huge hunks of cash before a full launch at a…