During the 7th Guangdong-Hong Kong-Macao Greater Bay Area Financial Development Forum, Chen Weimin, Deputy Chief Executive of the Hong Kong Monetary Authority (HKMA), highlighted Hong Kong's efforts to attract Mainland enterprises to establish their overseas business headquarters and corporate treasury centers in the city. This strategic move aims to enhance the coordination of overseas funds and address the challenges posed by cumbersome intermediaries and high costs within the global payment system.

To tackle these issues, Hong Kong is committed to advancing the application of blockchain technology, central bank digital currencies (CBDCs), and commercial bank currencies. The goal is to offer more streamlined and efficient payment solutions for cross-border trade and investment. This initiative is anticipated to significantly optimize cross-border payment processes, minimize transaction costs, and foster deeper financial cooperation and development within the Greater Bay Area.