A staff member displays the banknotes and coins included in the 2019 edition of the fifth series of the renminbi at an Industrial and Commercial Bank of China (ICBC) branch in Beijing, capital of China, Aug. 30, 2019. (Xinhua/Chen Yehua)

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Several Chinese cities will expand trials of digital currency, or the digital yuan, according to their tune-setting government work plans for 2021.

Beijing will accelerate the building of innovative demonstration zones for fintech and professional services this year and promote the pilot application of the digital currency, revealed the city’s government work report delivered on Jan. 23.

Ma Xingrui, governor of south China’s Guangdong province, vowed on Jan. 24 when delivering a local government report that authorities will support the development of the city of Shenzhen into an innovative pilot zone for the country’s digital currency.

When delivering a government work report on the same day, Shanghai Mayor Gong Zheng said that the metropolis will continue financial opening-up and the promotion of the digital currency’ pilot application.

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