The Hong Kong Monetary Authority (HKMA) and the People's Bank of China (PBOC) announced the expansion of the cross-border pilot for E-CNY in Hong Kong. Hong Kong people will be able to open E-CNY wallet through their phone numbers, which will be interoperable with the E-CNY system operated by the PBOC's Digital Currency Institute through the Faster Payment System (FPS), allowing users to add value to their wallet through FPS and use it in the Greater Bay Area as well as other pilot regions in China.Related NewsG Sachs Expects PBOC to Cut RRR by 25 bps in 3Q, Lower Rates by 10 bps in 4QAt this stage, ICBC (01398.HK) -0.010 (-0.230%) Short selling $377.44M; Ratio 43.043% , BANK OF CHINA (03988.HK) +0.040 (+1.070%) Short selling $497.71M; Ratio 45.891% , CCB (00939.HK) +0.030 (+0.545%) Short selling $487.81M; Ratio 35.941% and BANKCOMM (03328.HK) +0.010 (+0.171%) Short selling $28.97M; Ratio 30.886% can provide services. Users can open one digital currency wallet at each of these operators, with a separate limit for each wallet.Currently, the public can add RMB-denominated value at 17 local retail banks via FPS. Of which, 11 banks support debiting from HKD accounts with real-time exchange rate display and conversion into RMB. These banks also support adding value to or debiting from bundled Visa and Mastercard credit cards.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-06-17 16:25.)