Introduction

Hong Kong undergoes digital innovation in the financial sector. The recent launch of the e-HKD Pilot Programme signifies the progress towards the official implementation of e-HKD. This research paper focuses on the practical applications and promotion of e-HKD(electronic Hong Kong Dollar) as a retail CBDC (Central Bank Digital Currency) in Hong Kong. In particular, this paper employs a mixed-methods approach consisting of a comprehensive literature review and case study of e-CNY to discusses potential challenges that may face during the promotion of e-HKD. And based on the analysis, this paper develops corresponding recommendations for effective implementation and adoption of e-HKD.