Hong Kong University Vice President Wang Yang has highlighted the experimental use of the digital yuan in settlement processes within Hong Kong's digital asset market. In a pioneering move, the primary issuance of Hong Kong dollar and renminbi bonds has incorporated digital yuan and e-HKD in their settlement processes, marking a global first for digital bonds. Wang suggests that Hong Kong is poised to become the premier market for mainland China's RWA assets. As regulatory frameworks evolve and the market matures, larger-scale issuance of renminbi assets as digital assets in Hong Kong is anticipated, with the digital yuan likely becoming the preferred settlement currency.