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The Central Bank released the "2025 Renminbi Internationalization Report", studying the promotion of digital Renminbi in cross-border payments.
On October 31, the People's Bank of China released the “2025 Renminbi Internationalization Report,” which detailed the current process of Renminbi internationalization and the next steps in planning. The report pointed out that currently, five Central Banks (monetary authorities), including the People's Bank of China, have officially joined the multilateral Central Bank Digital Money bridge. The People's Bank of China stated that it will build a controllable Renminbi cross-border payment system, research and promote the use of digital Renminbi in cross-border payments, and strengthen the regulation of cross-border Renminbi business.