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The Hong Kong Monetary Authority said it is discussing the technical pilot testing of the digital yuan, or e-CNY, for cross-border payments with the Digital Currency Institute of the People's Bank of China, the central bank.

The Fed's cautionary words about rates mark a softening from its previous meeting, when it appeared to leave open the prospect of further increases soon. With pressures on the US economy rising — a global slowdown, a trade war with China, a nervous stock market — the Fed under Chairman Jerome Powell has been signaling that it's in no hurry to resume raising rates after having done so four times in 2018. And with inflation remaining tame, the rationale to tighten credit has become less compelling.

The Gulou District People's Court in Kaifeng, a city in Henan, publicly announced the ruling on Friday, demanding Huaihe Hospital of Henan University pay compensation to the couple, Guo Xikuan and Du Xinzhi, and their 28-year-old biological son, Yao Ce, a liver cancer patient.

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The Hong Kong-listed company is looking to plow more money into digital payment technology this year and beef up its presence in the Hong Kong market. Tencent's WeChat Pay, one of the Chinese mainland's two biggest mobile payment platforms, made inroads into Hong Kong last year and led a money-burning payment war with aggressive marketing and generous coupon offerings to vie for a slice of the cash-dominated market.

The Financial Committee of the Legislative Council of Hong Kong approved on May 12 the funding for subscription of 7,651 shares of the AIIB's capital, including 1,530 paid-in shares that amount to about HK.2 billion (3.9 million) and 6,121 callable shares.

The House of Commons passed the bill in the afternoon, following in the evening by the Senate.

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The Hong Kong government on Wednesday proposed, in a document to the Legislative Council, to have new civil servants joining the service after July 1 declare to uphold the Basic Law and pledge allegiance to the SAR, stating this is in line with a requirement under the national security law for Hong Kong.

The Hong Kong Special Administrative Region government welcomed the series of policy measures, which can benefit people from different sectors of Hong Kong society, Lam said.

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The Fed's move, announced on Wednesday, failed to have any major effects on China's capital market, as shown in the performance of its stock market, interbank market and currency exchange market.

The Great Wall at Qinhuangdao, Hebei province, file photo. [Photo/IC]