[China, HK Enter Second Phase of Cross-Border Digital Yuan Trials: Report] China and Hong Kong are in the second phase of testing cross-border transactions using central bank digital currencies (CBDCs), Mu Changchun, director of the Digital Currency Institute of the People’s Bank of China, said Thursday, according to Shanghai Securities News. The two have successfully carried out the first phase of technical testing of topping up, transferring and paying through digital yuan wallets in collaboration with Hong Kong banks and merchants, Changchun said at the Hong Kong International Financial centre Status and Prospects Seminar. In the second phase, they will…