The "Digital Currency Pilot Zone" Need to Be Built In the Greater Bay Area

Abstract : The innovation of digital financial service system will help to raise the internationalization level of RMB in the Greater Bay Area.

ChainDD
ChainDD

Nov 08

November 8 (ChainDD) According to the Southern Metropolis Daily, Lin Wu, a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) and director of the Guangdong, Hong Kong and Macao Development Institute of Sun Yat-sen University, said at the third Guangdong-Hong Kong-Macao Greater Bay Area Financial Development Forum that the "Digital Currency Pilot Zone" should be planned to be built in the Greater Bay Area.

In his opinion, the innovation of digital financial service system will help to raise the internationalization level of RMB in the Greater Bay Area.

As ChainDD reported before, on May 15, the Central Bank of China, the China Securities Regulatory Commission, and the China Banking Regulatory Commission issued opinions on financial support for the construction of the Guangdong, Hong Kong and Macao Greater Bay Area.

The opinion said that it will deepen the financial technology cooperation in the above area and strengthen the construction of financial technology carriers.

Besides, it will support the promotion of innovative technologies such as blockchain, big data, artificial intelligence and their mature applications in customer marketing, risk prevention and financial supervision also in the Greater Bay Area.

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