Eight departments including the People's Bank of China issued “Opinions on Financial Support to Accelerate the Construction of New Land and Sea Corridors in the West”. The “Opinion” proposes to explore international cooperation in digital finance. Support provinces along the route to participate in multilateral central bank digital currency bridge projects and promote the use of central bank digital currencies for cross-border payments with Thailand, Hong Kong, the United Arab Emirates, Saudi Arabia, etc. Support the exploration and promotion of digital yuan cross-border payment pilot projects between the Mainland and Singapore. Support provinces that are in a position to do so to build cross-border e-commerce digital service platforms, connect with digital cross-border e-commerce and trade platform companies in Singapore and other countries, and enhance cross-border e-commerce service capabilities.

Eight departments including the People's Bank of China issued “Opinions on Financial Support to Accelerate the Construction of New Land and Sea Corridors in the West”. The “Opinion” proposes to explore international cooperation in digital finance. Support provinces along the route to participate in multilateral central bank digital currency bridge projects and promote the use of central bank digital currencies for cross-border payments with Thailand, Hong Kong, the United Arab Emirates, Saudi Arabia, etc. Support the exploration and promotion of digital yuan cross-border payment pilot projects between the Mainland and Singapore. Support provinces that are in a position to do so to build cross-border e-commerce digital service platforms, connect with digital cross-border e-commerce and trade platform companies in Singapore and other countries, and enhance cross-border e-commerce service capabilities.