The Shanghai Municipal Government Office recently issued the "Action Plan for High-Quality Promotion of Global Fintech Center Construction in Shanghai." The document mentions the need to further promote the research and application of the digital yuan.

It emphasizes actively connecting with the People's Bank of China, supporting the establishment of digital yuan functional entities in Shanghai, and promoting the development of digital currency research institutions in related Shanghai organizations.

The plan aims to continuously expand the coverage and usage of digital yuan in key areas such as consumption, transportation, government affairs, and healthcare within the city.

It encourages innovative applications of digital yuan in financial markets, digitalization of shipping trade, cross-border payments, and other areas. The document also promotes the application of value-based digital yuan models and explores making Shanghai a global Finternet (Financial Internet) hub.