The General Office of the Shanghai Municipal People's Government recently issued the "Shanghai High-Quality Action Plan for Promoting the Construction of a Global Financial Technology Center". It mentioned that in-depth promotion of the R & D and application of digital RMB. Actively connect with the People's Bank of China, support the construction of a functional entity of digital RMB in Shanghai, and promote the development of relevant institutions of the Digital Currency Research Institute in Shanghai. Continue to expand the coverage and scale of use of digital RMB in key areas such as consumption, transportation, government affairs, and medical care in this city. Promote the innovative application of digital RMB in financial marekt, shipping trade digitalization, cross-border transfer, etc., promote the application of value model digital RMB, and explore the development of Shanghai into a global financial Internet (Finternet)