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State Council Of PRC Releases General Plan For Beijing Pilot Free Trade Zone

Tracy CHEN

Summary: Citing local news, the State Council of China released the General Plan For China (Beijing) Pilot Free Trade Zone. As the Plan stipulated, the People's Bank of China (PBoC) is supported to set up a fintech hub for the establishment of a fiat digital currency pilot zone as well as a digital financial system. In ...

Citing local news, the State Council of China released the General Plan For China (Beijing) Pilot Free Trade Zone. As the Plan stipulated, the People's Bank of China (PBoC) is supported to set up a fintech hub for the establishment of a fiat digital currency pilot zone as well as a digital financial system. In addition, the State Council issued the plans for pilot free trade zones in Hunan and Anhui Provinces, and the expanding plan for that in Zhejiang Province. All of the four documentations made reference to the blockchain technology.

Tracy Chen

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