Central Bank: Build and operate digital RMB cross-border, offshore, and blockchain infrastructure under secure and controllable conditions

Odaily reported that the People's Bank of China, the National Development and Reform Commission, the National Financial Regulatory Administration, the China Securities Regulatory Commission, the State Administration of Foreign Exchange, and the Shanghai Municipal People's Government have issued the "Shanghai International Financial Center Offshore Financial Development Action Plan." The plan points out that, relying on the Digital RMB International Operations Center, it is necessary to build and operate digital RMB cross-border, offshore, and blockchain infrastructure under secure and controllable conditions, steadily promote interconnection with foreign financial infrastructure, and steadily advance the application and scenario expansion of the digital RMB in offshore business.