Beijing to Enhance Blockchain and Digital Yuan Infrastructure: Key Takeaways

According to Mars Finance, the Beijing Municipal Party Committee has issued implementation opinions on carrying out the "Decision of the CPC Central Committee on Further Deepening Comprehensive Reform and Promoting Chinese-style Modernization." These opinions include:

• Promoting the construction of a national blockchain hub node in Beijing: This aims to enhance the city's computing power infrastructure efficiency.
• Building a first-class information infrastructure system focused on blockchain and other technologies: This signifies a commitment to advanced digital infrastructure.
• Seeking to expand the application scope of the digital yuan: This indicates continued efforts to promote the digital currency within the city.
• Supporting eligible foreign-funded institutions to participate in financial business pilot programs: This opens doors for greater international participation in China's financial sector.