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The People’s Bank of China (PBOC) has inaugurated a digital yuan (e-CNY) international operations centre in Shanghai, underscoring its ambition to accelerate central bank digital currency (CBDC) adoption and global outreach.
Speaking at a conference on Wednesday, Deputy Governor Lu Lei described the initiative as part of the “historical inevitability” of monetary and payment system evolution in the digital era.
According to Lei, the new centre will anchor three strategic platforms designed to expand the international footprint of the e-CNY:
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A cross-border payments platform leveraging the digital yuan,
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A blockchain service platform to support innovation in financial infrastructure, and
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A digital asset platform to facilitate investment and settlement.
The move is expected to position Shanghai as a leading hub for CBDC innovation and digital finance, supporting the rollout of cross-border payment solutions while strengthening China’s influence in the emerging digital monetary order.
By advancing interoperability and scalability of the e-CNY, the PBOC aims to enhance efficiency in trade and financial flows, while providing an alternative framework to existing global payment networks.
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