The Hong Kong Monetary Authority (HKMA) released on the 27th April 20221 a discussion paper on retail central bank digital currency (CBDC), titled “e-HKD: A Policy and Design Perspective”2.

As part of HKMA’s “Fintech 2025” strategy announced in June 2021, one strategic direction is in the area of future-proofing Hong Kong in terms of CBDC readiness, including a study on the prospect of issuing retail CBDC in Hong Kong.

The HKMA indicated that the e-HKD: A Policy and Design Perspective paper was developed reflecting the latest international developments as well as the unique features of Hong Kong’s financial market. The HKMA strongly encouraged the public and the industry to take part in this important consultation and share their views with them.

Please note, that while we have consulted widely, any views expressed in this submission are the views of FTAHK and do not necessarily represent the views of individual contributors or Members.

We offer our thanks on behalf of the FTAHK’s Digital Banking & Payments Committee, the FTAHK’s Blockchain Committee, and the Board of Directors. The FTAHK welcomes the opportunity to discuss any of the feedback provided in future follow-up sessions with HKMA and its stakeholders.