China Launches Digital Yuan International Hub to Spur Cross-Border Use
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China has officially launched an international operations center for its digital yuan in Shanghai, a move aimed at solidifying the e-CNY’s role in global transactions.
The center, which began operations on Sept. 24, introduced three business platforms focused on cross-border digital payments, blockchain services, and digital assets.
Lu Lei, a deputy governor of the People’s Bank of China (PBOC), said that the central bank is committed to offering open and innovative solutions to improve global cross-border payments. He noted that a preliminary framework for the digital yuan’s cross-border financial infrastructure has been built.
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- China launched an international operations center for its digital yuan (e-CNY) in Shanghai on September 24.
- The center supports cross-border digital payments, blockchain services, and digital assets, aiming to boost the yuan’s international use.
- Managed by the PBOC’s digital currency research institute, the initiative strengthens Shanghai’s role as a financial hub and advances global adoption of the yuan.
- Sept. 24, 2025：
- The international operations center for China's digital yuan officially began operations in Shanghai, introducing three business platforms focused on cross-border digital payments, blockchain services, and digital assets.
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