According to Christopher Hui, Hong Kong and the PBOC are discussing digital yuan wallet upgrades to raise usage limits and broaden applications, while local wallet openings and merchant acceptance continue to increase.
Hong Kong officials said digital yuan wallet registrations reached about 80,000 by the end of January 2026, while merchant acceptance rose from about 300 to about 5,200 and the number of banks supporting FPS top-ups increased from 17 to 18. Financial Secretary Christopher Hui said Hong Kong, the People’s Bank of China, and the Hong Kong Monetary Authority are exploring upgrades to e-CNY wallets to increase usage limits and expand use cases, but policy and technical details remain under discussion and no implementation timetable has been finalized.