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BOC Hong Kong Pushes Digital Yuan Wallet Upgrade After Policy Shift

Published: Mar. 31, 2026 10:46 a.m. GMT+8

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BOC Hong Kong (Holdings) Ltd. is working with regulators to upgrade the city’s digital yuan wallets following the mainland’s move to allow interest on the currency, a shift that could accelerate its use offshore.

BOC Hong Kong, the largest offshore operator of the digital yuan, is in close communication with Hong Kong authorities and the People’s Bank of China (PBOC) on the upgrade, Xing Guiwei, a deputy chief executive, told Caixin. Officials are exploring raising wallet limits and expanding use cases, though no timeline has been set, according to Xing.

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BOC Hong Kong is coordinating with regulators to upgrade digital yuan wallets after China allowed interest on digital yuan from Jan. 1, 2024.
Hong Kong has about 80,000 registered digital yuan wallets, accepted by thousands of local merchants.
The bank is expanding cross-border digital yuan services into Southeast Asia, with its Laos branch now participating in e-CNY payments.

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BOC Hong Kong (Holdings) Ltd.: BOC Hong Kong (Holdings) Ltd. is collaborating with regulators to enhance Hong Kong's digital yuan wallets, following mainland China's decision to allow interest on the currency. As the largest offshore digital yuan operator, BOC Hong Kong is in discussions with authorities to raise wallet limits and expand usage. They are also extending cross-border digital yuan services into Southeast Asia.

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