Shenzhen seeks to establish digital RMB application demonstration areas.
The Chinese city will partner with Hong Kong for the Hong Kong Fintech Week.
Hong Kong and Shenzhen will also debut an internship program.
Shenzhen, China’s SEZ bordering Hong Kong to the south, is gearing up to boost the adoption of China’s digital RMB, mirroring similar efforts in SAR, Hong Kong. The Shenzhen Local Financial Management Bureau is seeking public feedback on a plan to support digital finance, as reported by local blockchain media outlet JinSe Finance.
In a post on social media platform X (formerly Twitter), JinSe Finance, a local blockchain-focused media outlet, highlighted that the Shenzhen Local Financial Management Bureau publicly solicited opinions on the “Implementation Opinions of Shenzhen on Supporting the High-quality Development of Digital Finance.”
According to JinSe Finance, Shenzhen authorities are working to establish digital RMB application demonstration zones, build digital RMB cross-border payment and international business centers, expand cross-border payment scenarios, and strengthen international exchange and cooperation. The authorities stated t…
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