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23 April 2021

Digital yuan campaign planned for contested island in the South China Sea

Digital yuan campaign planned for contested island in the South China Sea


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South China's Hainan Province, which administers the prefectural Sansha City on a disputed archipelago in the South China Sea, will run a two-week campaign later this month to promote the use of the digital yuan among island residents.

Between April 12 and April 25, the Industrial and Commercial Bank of China's Hainan Branch, together with Haikou Branch of China's central bank and the Sansha municipal government, plan to host a themed digital yuan consumption parade in a bid to encourage consumer adoption of the forthcoming digital currency. .

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