Shulou(Shulou.com)11/24 Report--

CTOnews.com, November 5, according to the news released by Luohu on November 4, Luohu District recently held the launching ceremony of the Shenzhen-Hong Kong consumer finance high-quality development demonstration project. As the first landing and key project of the demonstration project, Luohu will launch the "Digital RMB Shenzhen-Hong Kong consumption first demonstration Technology Test", which will lead the national digital RMB innovation pilot project for residents in Shenzhen and Hong Kong and the global consumption scene in Luohu.

According to reports, the test will pay close attention to the theme of social integration between Shenzhen and Hong Kong, rely on the port business circle and traffic along the route, and conduct the research and development of digital RMB Guangdong-Hong Kong-Macau Greater Bay Area hard wallet products for residents of Shenzhen and Hong Kong and for the global consumption scene of Luohu.

This test program is mainly carried out in the local characteristic business district of Luohu, deeply integrating the consumption habits of Hong Kong people, giving full play to the "hard wallet" that does not rely on mobile phones and the Internet, and is suitable for overseas visitors to China, the elderly and children. In the future, it can be used in food, accommodation, shopping and other domestic consumption scenes, laying a technical foundation for Hong Kong people to pay for medical, food, accommodation and transportation in Shenzhen, and helping Hong Kong residents better integrate into life in the Greater Bay area.

According to the Financial Associated Press, the Fifth Hongqiao International Economic Forum "innovative Development of Digital Trade: opportunities and challenges" sub-forum was held today. Liu Jie, president of the Bank of Communications, said when attending the forum that China is the forerunner of R & D testing in the field of digital currency. Compared with other sovereign digital currencies, digital RMB has three major advantages: relatively mature technology, wide pilot scope and rich scenarios, and high compatibility and security. More importantly, China has a huge market advantage. The consumption scale of 1.4 billion people and 41 trillion yuan constitutes an important source of global demand, and it also gives birth to the richest scene ecology and the most diversified new economy in the world. In his view, the internationalization of RMB and the coordinated development of digital RMB will become an important driving force for the development of digital trade.

CTOnews.com has learned that digital RMB has formed a large number of replicable and popularizing application models in the fields of wholesale and retail, catering, culture and travel, education and health care, and public services. As of August 31, 2022, the total number of transactions in the pilot areas of 15 provinces (cities) was 360 million, with a total amount of 100.04 billion yuan, and the number of merchant stores supporting digital RMB exceeded 5.6 million.

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