In an article, Wang Yang, Vice-Chancellor of the University of Hong Kong, pointed out that the digital yuan has already been experimentally used in settlement in Hong Kong's digital asset market. The primary issuance of Hong Kong dollar and RMB bonds, in addition to traditional settlement methods, also marks the first time globally that digital bonds have applied digital yuan and digital Hong Kong dollars in the settlement process. Furthermore, Hong Kong will be the best market to absorb mainland assets through RWA (Retail Asset Exchange). With regulatory refinement and market development, a larger scale of RMB assets will have the opportunity to issue digital assets in the Hong Kong market, with digital yuan naturally being the preferred settlement currency. From a developmental perspective, stablecoins will become an important usage habit for users in overseas markets. Offshore RMB stablecoins are one of the future options in the internationalization of the RMB, and digital yuan deposits and digital yuan liquid assets provide the necessary reserve assets for offshore RMB stablecoins. (Hong Kong Wen Wei Po)