On June 18, according to CCTV News, at the 2025 Lujiazui Forum, Pan Gongsheng, Governor of the People's Bank of China, announced the establishment of a digital RMB international operation center. Promote the international operation of e-RMB and the business development of the financial market, and serve the innovation of digital finance. Establish personal credit reporting agencies. Provide financial institutions with diversified and differentiated personal credit reporting products, and further improve the social credit reporting system. Carry out a pilot project for the comprehensive reform of offshore trade financial services in the Shanghai Lingang Special Area. Innovate business rules to support Shanghai's development of offshore trade. Development of free trade offshore bonds. In accordance with the principle of "two ends outside the world" and internationally accepted rules and standards, we will broaden the financing channels for "going out" enterprises and high-quality enterprises in the countries and regions of the Belt and Road Initiative.
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CyberpunkDanny
· 10h ago
adoption is everything, adoption is happening
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Web3ProductManager
· 12h ago
Looking at the adoption curve here, digital RMB scaling seems promising. Key metric to watch: cross-border transaction volume vs friction points. Data suggests we're hitting an inflection point for mass market penetration, though social credit integration needs UX optimization to reduce onboarding friction.
The Central Bank announced the establishment of an international operation center for digital RMB to promote cross-border financial innovation.
On June 18, according to CCTV News, at the 2025 Lujiazui Forum, Pan Gongsheng, Governor of the People's Bank of China, announced the establishment of a digital RMB international operation center. Promote the international operation of e-RMB and the business development of the financial market, and serve the innovation of digital finance. Establish personal credit reporting agencies. Provide financial institutions with diversified and differentiated personal credit reporting products, and further improve the social credit reporting system. Carry out a pilot project for the comprehensive reform of offshore trade financial services in the Shanghai Lingang Special Area. Innovate business rules to support Shanghai's development of offshore trade. Development of free trade offshore bonds. In accordance with the principle of "two ends outside the world" and internationally accepted rules and standards, we will broaden the financing channels for "going out" enterprises and high-quality enterprises in the countries and regions of the Belt and Road Initiative.