{"id":35259,"date":"2021-01-24T13:48:56","date_gmt":"2021-01-24T11:48:56","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=35259"},"modified":"2025-08-29T00:28:12","modified_gmt":"2025-08-28T21:28:12","slug":"beijing-and-shanghai-plan-large-scale-testing-of-the-digital-yuan","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/beijing-and-shanghai-plan-large-scale-testing-of-the-digital-yuan\/","title":{"rendered":"Beijing and Shanghai Plan Large-Scale Testing of the Digital Yuan"},"content":{"rendered":"<p>The largest Chinese cities plan to back testing of the country&#8217;s sovereign digital currency (DCEP), according to <a href=\"https:\/\/www.globaltimes.cn\/page\/202101\/1213705.shtml\" target=\"_blank\" rel=\"noopener noreferrer\">Global Times<\/a>.<!--more--><\/p>\n<p>Beijing Mayor Chen Jining said that the capital will accelerate the construction of innovative demonstration zones for financial technology in 2021 and will promote the pilot deployment of the DCEP.<\/p>\n<p>Shanghai Mayor Gong Zheng, in a speech accompanying the municipal government work report, noted that the administration would continue the policy of financial openness and support the advancement of the digital yuan.<\/p>\n<p>Guangdong Governor Ma Xingrui pledged that authorities would facilitate turning Shenzhen into an innovative pilot zone for the DCEP.<\/p>\n<p>On January 20, the city launched the third round of digital yuan testing. In October 2020, Shenzhen authorities distributed through a lottery <a href=\"https:\/\/u1f987.com\/en\/news\/digital-yuan-airdrop-drew-nearly-2-million-people\">distributed<\/a> among residents 50,000 \u201cred envelopes\u201d containing 200 digital yuan each. In the course of <a href=\"https:\/\/u1f987.com\/en\/news\/shenzhen-to-run-another-mass-test-of-the-digital-yuan\">the second experiment<\/a> in the first half of January, twice as many such lots were distributed.<\/p>\n<p>In <a href=\"https:\/\/u1f987.com\/en\/news\/shenzhen-to-hold-third-mass-test-of-digital-yuan\">the third phase of the city\u2019s tests<\/a>, residents of the Lunhua district are participating in the digital currency trials, among whom 100,000 \u201cred envelopes\u201d totaling 20 million yuan were distributed.<\/p>\n<p>Earlier, similar mass testing of the DCEP also <a href=\"https:\/\/u1f987.com\/en\/news\/suzhou-to-pilot-digital-yuan-distribution-through-red-packets\">took place in Suzhou<\/a>.<\/p>\n<p>Follow Forklog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"> Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China&#8217;s largest cities plan to back testing of the country&#8217;s sovereign digital currency (DCEP), according to Global Times.<\/p>\n","protected":false},"author":1,"featured_media":35260,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1095,133,1369],"class_list":["post-35259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cbdc","tag-china","tag-yuan"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=35259"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35259\/revisions"}],"predecessor-version":[{"id":35261,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35259\/revisions\/35261"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/35260"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=35259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=35259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=35259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}