China Regulators Mandate Secure Digital RMB Cross-Border Infrastructure Expansion in Shanghai

Six Chinese authorities issued the Shanghai Offshore Financial Development Action Plan, directing the construction of secure digital RMB cross-border and blockchain infrastructure to expand offshore applications.

Woofun AI reports that six major Chinese regulatory bodies, including the People's Bank of China and the Shanghai Municipal People's Government, have jointly released the 'Shanghai International Financial Center Offshore Financial Development Action Plan.' This strategic directive emphasizes the necessity of building and operating digital RMB cross-border, offshore, and blockchain infrastructure under strictly secure and controllable conditions.

The plan leverages the Digital RMB International Operations Center as a foundational pillar to steadily promote interconnection with foreign financial infrastructure.

Concurrently, it aims to advance the application and scenario expansion of the digital RMB within offshore business contexts, reinforcing the institutional framework for international currency digitization.