Shanghai Headquarters of the People's Bank of China: Actively explore the application of digital RMB in offshore trade settlement

Foresight News According to Jinshi, the Shanghai headquarters of the People's Bank of China held a press conference for the third quarter of 2025 on July 24. Shi Jiandong, deputy director of the Macropractice Management Department of the Shanghai Headquarters of the People's Bank of China, said that in the next step, the Shanghai headquarters of the People's Bank of China will continue to promote the task of financial reform steadily and orderly. First, promote banks and enterprises with mature conditions to carry out pilot business of comprehensive reform of offshore trade financial services, continuously expand the scope of policy benefits, and actively explore the application of digital RMB in offshore trade settlement. Second, based on the feedback from public solicitation of opinions from the public, the "Implementation Measures for the Function Upgrading of Free Trade Accounts in Shanghai Free Trade Zone" was revised and improved, and officially released it to the public after reporting to the People's Bank of China Headquarters.
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