Xing Guiwei, Vice President of Bank of China Hong Kong, said that Bank of China Hong Kong is currently the only financial institution that provides cross-border RMB pilot projects. In the past two years, it has built the entire process of cross-border RMB payment. At the end of last year, it was approved by the Hong Kong Monetary Authority to launch a digital RMB sandbox test. In July and September of this year, it conducted large-scale promotion of cross-border RMB applications for customers in the north and south, respectively, achieving phased results and progress. He disclosed at the Hong Kong Fintech Week forum that so far, Bank of China can support more than 300 merchants to accept digital RMB, and mentioned that since September, 11,000 Hong Kong customers have opened digital RMB wallets.