The .hk domain registry has submitted an application to ICANN to allow the registration of IDNs in Chinese. For years registrants have been able to register all but the domain suffix in Chinese. Once the application is approved, no Latin characters will need to be typed to visit a .hk website.
In order to promote the new technology, the .hk registry plans on giving all current registrants the IDN version of their domain free. All new registrants will also receive the equivalent IDN for free. Rather than attempt to profit from internationalised domains like many registries have, it’s great to see that .hk wants to encourage Internet use and commerce.
Source | Domain News