Hong Kong and Macau residents opened more than 127,000 type II and type III mainland settlement accounts last year. Photo: AP
Hong Kong and Macau residents opened more than 127,000 type II and type III mainland settlement accounts last year. Photo: AP
Business /  Banking & Finance

China’s yuan replaces US dollar as most used currency in Greater Bay Area: central bank

  • Transactions worth US$2.65 trillion were cleared in the zone last year, says Guangzhou branch of People’s Bank of China
  • Cross-border electronic billing could making lives of development zone residents more convenient, central bank says

Jack Lau
Jack Lau

Updated: 12:00pm, 16 Jan, 2021

Why you can trust SCMP
Hong Kong and Macau residents opened more than 127,000 type II and type III mainland settlement accounts last year. Photo: AP
Hong Kong and Macau residents opened more than 127,000 type II and type III mainland settlement accounts last year. Photo: AP
READ FULL ARTICLE