The People’s Bank of China, the National Development and Reform Commission, the Financial Regulatory Administration, the China Securities Regulatory Commission, the State Administration of Foreign Exchange, and the Shanghai Municipal People’s Government issued the “Offshore Financial Action Plan for the Development of Shanghai International Financial Center,” which points out that relying on the international operation center of the digital renminbi, it is necessary to build and operate the cross-border, offshore, and blockchain infrastructure of the digital renminbi under the premise of safety and controllability, steadily promote the interconnection with overseas financial infrastructure, and steadily advance the application and scenario expansion of the digital renminbi in offshore business.
