The pilot program for digital renminbi has expanded to the entire area of Beijing, with over 400,000 scenarios implemented

Chain Catcher News reports that at the special press conference for the "Two Zones" construction in the financial sector, it was revealed that over the past two years of "Two Zones" construction, the digital renminbi pilot has expanded to the entire area of Beijing, with over 400,000 scenarios implemented, covering various aspects such as people's livelihood consumption, transportation, hotel and catering, and digital government services.

It is reported that after launching the pilot for integrated foreign and domestic currency cash pools for multinational corporations nationwide in 2021, the pilot policy was further upgraded in July this year, with 10 new pilot enterprises added in the Beijing area, covering multiple industries including manufacturing, services, and energy. As of now, the cumulative business volume handled by pilot enterprises has exceeded 30 billion USD, saving companies over 100 million RMB in costs and improving the efficiency of cross-border fund management for multinational corporations. (Source link)