Use of yuan hits 6-month high in Hong Kong’s fast-payment system

Hong Kong’s fast-transfer payments denominated in yuan surged to a six-month high in July, signalling accelerating adoption of real-time cross-border retail payment channels even as mainland Chinese authorities maintain tight controls on capital outflows. Transaction values through Hong Kong’s Faster Payment System (FP

Our weekly podcast on China. This week, how the city became a haven for smuggled artefacts