On September 21st, the Chinese government issued its “China (Beijing) Free Trade Pilot Zone General Plan” for the newly created Beijing Pilot Free Trade Zone (FTZ). Under the plans, the FTZ will support the establishment of a fintech center by the PBOC’s Digital Currency Research Institute; create a statutory digital currency trial zone; create a digital finance system; and form a trade finance blockchain standardization system based on the PBOC’s financial blockchain platform.