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Another advantage is that it can increase transaction efficiency, Shu added. A manager surnamed Yi at a bookstore in Shenzhen told China Daily that the monetary value of sales is deposited directly into the store's bank account and there is no need to operate another third-party account. However, Shu said customer choice dominates the future of the payment structure. As existing channels have covered nearly all consumption scenarios, the digital yuan needs to make breakthroughs for broader acceptance.

Another great example, more recently, was Monica’s column about her grandpa joining Facebook, giving us all a good reminder of what social networking is really about.

Another lawmaker, Regina Ip Lau Suk-yee, said the legal advice is "valuable" and "worth accepting." She noted the counsels have cited several authoritative court rulings on local and overseas cases, which all reflected that interpretation of regulations should adopt a purposeful approach.

Ant Financial Services Group has raised its agreed offer for electronic payment firm MoneyGram International Inc and the deal was unanimously approved by the US firm's board, outbidding rival Euronet Worldwide Inc.

Any action paired with violence or breach of the law is unacceptable, said Li Fu, a professor at Portland State University, Oregon. "Stability and prosperity of Hong Kong serves not only the core interest of the local people, but the well-being of China and the world," he added.