The Shanghai headquarters of the central bank: Actively exploring the application of digital RMB in offshore trade settlement.

The Shanghai Headquarters of the People's Bank of China held a press conference for the third quarter of 2025 on July 24th. Shi Jiandong, deputy director of the Macro Prudential 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 prudently and orderly promote financial reform tasks. First, promote comprehensive reform pilot projects for offshore trade finance services for banks and enterprises with mature conditions, continuously expand policy benefits, and actively explore the application of digital RMB in offshore trade settlement. Second, based on the feedback from public consultations, revise and improve the "Implementation Measures for the Upgrade of Functionality of Free Trade Accounts in Shanghai Free Trade Zone", and after approval by the People's Bank of China headquarters, officially release it to the public.