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PBOC: Supports Participation of Provinces and Municipalities Along the Western Land-Sea New Passage in the Multi-Central Bank Digital Currency Bridge Project

PBOC: Supports Participation of Provinces and Municipalities Along the Western Land-Sea New Passage in the Multi-Central Bank Digital Currency Bridge Project

2025-12-25 16:26

ChainThink News, December 25: According to China News Service, the People's Bank of China held a press conference to interpret the "Opinions on Financial Support for Accelerating the Development of the Western Land-Sea New Passage." At the event, Wang Xin, Director of the Research Bureau at the People's Bank of China, stated that the "Opinions" seize new trends in international cooperation in digital finance and green finance, driving high-level financial openness in central and western regions. For instance, the document supports provincial and municipal regions along the passage in participating in the Multilateral Central Bank Digital Currency Bridge project, promoting cross-border payments through central bank digital currencies; it also supports enhanced collaboration based on the China-Singapore Green Finance Working Group mechanism in areas such as the development and application of green finance standards, green financial products, and financial support for green technology.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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