Hong Kong Monetary Authority: Digital Hong Kong Dollar to be promoted for personal use, preparatory work expected to be completed in the first half of next year

According to Jinse Finance, citing Ta Kung Wen Wei, the Hong Kong Monetary Authority (HKMA) stated in its "Digital Hong Kong Dollar" Pilot Program Phase II Report that eleven pilot groups have participated in the second phase of the project, covering three major themes: tokenized asset settlement, programmable payments, and offline payments. The report emphasizes that the "Digital Hong Kong Dollar" will gradually expand to the individual user level, with the relevant technical, legal, and commercial mechanisms expected to be ready in the first half of 2026, at which time broader application channels will be available to the public and enterprises.