The Central Bank's Digital Currency Research Institute has set up science and technology innovation centers in many places

Recently, the Nanjing Fintech Research and Innovation Center, jointly built by the Digital Currency Research Institute of the People's Bank of China and the Nanjing Municipal People's Government, was unveiled to promote the research and application of Chinese fintech. In addition, the Digital Currency Research Institute of the People's Bank of China has also established a wholly-owned subsidiary in Shenzhen, Shenzhen Fintech Co., Ltd. Shenzhen will promote the implementation of the Central Bank Fintech Research Institute project to study technologies such as legal digital currency and distributed ledgers. (Shanghai Securities News)