Six Chinese Agencies Launch Offshore Finance Plan to Accelerate Cross-Border Digital Yuan Infrastructure

According to Foresight News, China's central bank, development agency, financial regulator, securities commission, foreign exchange authority, and Shanghai municipal government jointly released the Offshore Finance Development Plan for Shanghai International Financial Center this week. The plan includes building and operating cross-border, offshore, and blockchain infrastructure for the digital yuan under its International Operations Center, while advancing interoperability with overseas financial infrastructure and expanding digital yuan applications in offshore financial services.
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