Wang Yang, Vice President of the University of Hong Kong, revealed that Hong Kong's digital asset market has experimentally used the digital yuan in settlement processes. The city is also pioneering the issuance of digital bonds settled with the digital yuan and digital Hong Kong dollar. This development positions Hong Kong as a prime location for mainland China's asset-real-world-asset (RWA) markets and foreshadows the growth of offshore renminbi stablecoins backed by digital yuan reserves.

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