The Beijing municipal government has added another digital renminbi pilot zone to the city as part of ongoing efforts to properly test out China’s central bank digital currency prior to full deployment. On 10 September the Beijing municipal financial authority announced that the Lize Financial Business District would be authorised as a “Beijing Statutory Digital Currency Pilot Zone.” In future the district will serve as “an emerging financial industry hub zone and a pilot zone for financial reforms in the national capital.” The pilot zone will also “support key digital financial institutions and major project implementations, with a focus on...