Hangzhou company claims city may win digital yuan pilot bid An anonymous company based in Hangzhou told state media that it has signed deals with major commercial banks to facilitate the digital yuan, hinting China’s southeastern city could be a winning bidder for an upcoming batch of digital yuan pilot programs. See related article: PBOC branch chief seeks clarity on digital yuan as legal tender Fast facts - Hangzhou’s administrative region Zhejiang Province proposed in January to showcase [the digital yuan] during the September Asian Games. - The central bank digital currency (CBDC) has been trialed in 10 cities and...