Payment Connect: China’s digital power move in cross-border finance

Chat Lounge

The newly launched Payment Connect scheme between China's mainland and Hong Kong is set to transform cross-border payments, making transfers faster, cheaper, and as simple as using a phone number. How may it reshape trade, tourism, and convenience across the Greater Bay Area? Will it pave the way for broader use of the digital Chinese currency and future breakthroughs in global finance? And how does the digital yuan fit into a bigger picture of monetary innovation and strategic competition?

Host Tu Yun joins Dr. Kwan Ok Lee, Professor and Dean's Chair, Business School, National University of Singapore, Joseph Chan, Associate Professor of Practice and Associate Director, Centre for Innovation and Entrepreneurship, Hong Kong University, and Chen Jiahe, Chief Investment Officer, Novem Arcae Technologies for a close look.