China begins next phase of CBDC testing with e-CNY payment for public transport

// last month, Shanghai announced its plan to stimulate the growth of metaverse. With around 10 billion yuan in assets dedicated to metaverse development, the Shanghai government aims to build an industry fund.

Besides, earlier in June, Hang Seng Company Limited, a wholly-owned subsidiary of Hang Seng Bank, launched Hang Seng China Metaverse Index to track the performance of Chinese companies involved in metaverse businesses. https://coinspectator.com/cointelegraph/2022/08/23/china-begins-next-phase-of-cbdc-testing-with-e-cny-payment-for-public-transport/ //

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