on aug 31, the 2024 digital finance industry salon was held in suzhou, east china's jiangsu province, exploring the development of new quality productive forces through digital finance.
during the event, several high-end financial institutions were launched in suzhou, including the digital finance talent training base of the shanghai advanced institute of finance at shanghai jiao tong university (sjtu), the digital finance center of sjtu, and the charter global fintech (cgft) exam center of the shanghai advanced institute of financial research. these additions are expected to significantly enhance suzhou's financial industry, providing robust support for the real economy.
in recent years, suzhou has been committed to creating a top-tier digital finance ecosystem as it seeks to foster new quality productive forces. the city is currently home to nearly 300 licensed financial institutions, over 700 digital finance ecosystem enterprises, and 62 digital finance laboratories, contributing to a thriving digital finance industry ecosystem.
a shining example is suzhou's implementation of china's digital yuan, or e-cny. as one of the first pilot cities for e-cny adoption, suzhou has opened 29.5 million personal accounts and 910,000 corporate accounts, with more than 1.5 million accounts active each month on average. over 800,000 merchants support transactions through e-cny, with the cumulative transaction amount exceeding 5.5 trillion yuan ($781 billion).
suzhou is one of the first pilot cities for the adoption of china's digital yuan. [photo/vcg]