The Central Bank: Establishing an International Digital Yuan Operation Center

BlockBeats News, June 18th, according to CCTV reports, at the 2025 Lujiazui Forum, the Governor of the People's Bank of China, Pan Gongsheng, announced the establishment of an International Digital RMB Operations Center. The goal is to advance the international operations of the digital RMB and its integration into the financial markets, while fostering innovation in the digital financial sector. Additionally, a personal credit reporting agency will be introduced to provide financial institutions with diversified and differentiated personal credit products, further strengthening the social credit system. A pilot program for offshore trade financial services and comprehensive reform will be launched in the Lin-gang Special Area of Shanghai Free Trade Zone. By adopting innovative business regulations, Shanghai's development in offshore trade will be supported. The development of free trade offshore bonds will also be promoted, adhering to the "Both Ends Outside" principle and internationally recognized rules and standards, and expanding financing channels for "Going Global" enterprises as well as high-quality enterprises from countries and regions participating in the Belt and Road Initiative.