Digital RMB international cooperation accelerates: The central bank promotes cross-border payment applications, with ASEAN and other countries included in the cooperation scope

2025-12-24 07:42:17

【ChainWen】The latest policy signals are here. Official departments are promoting the application of digital RMB in international payments, focusing on cross-border settlement in Southeast Asia, Central Asia, and other regions.

There are several core directions: first is international cooperation on central bank digital currencies. Supporting participation in multilateral CBDC bridge projects and promoting cross-border payment cooperation with countries such as Thailand, Hong Kong, the United Arab Emirates, and Saudi Arabia. The digital RMB cross-border payment pilot is also expanding its scope, with countries like Singapore included as partners.

Second is the cross-border e-commerce sector. Countries along the Belt and Road support the construction of cross-border e-commerce digital service platforms, connecting with digital platforms for e-commerce and trade in countries like Singapore to improve service efficiency. This means that cross-border payments may become more convenient in the future.

Next is RMB-denominated settlement. Policies encourage the use of RMB for pricing and settlement of bulk commodities, supporting ASEAN investors to invest and reinvest using RMB. Cross-border financing, guarantees, and asset transfer services by banking institutions can also be settled in RMB. This is expanding the international use of RMB.

Particularly noteworthy are the technological advantages of digital RMB. Policies clearly aim to leverage features such as “payment as settlement, low cost, and programmability,” and to explore innovative solutions through smart contracts. Digital RMB will be applied in scenarios like channel payments and settlements, financing, and tax rebates, while expanding its geographic coverage. Through bilateral and multilateral business models, it aims to reduce costs and increase efficiency in cross-border payments.

In simple terms, this is about promoting the internationalization of RMB through digital means, and establishing a more efficient regional payment network via cross-border cooperation of central bank digital currencies. For institutions engaged in international trade and cross-border investment, these policy changes mean increased convenience in RMB-denominated settlement.

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GamefiGreenie

· 9h ago

Wait, can the CBDC bridge system really be implemented? I thought it was all just talk...

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CrashHotline

· 9h ago

Southeast Asia's recent layout does have some substance; it feels like we're playing a big chess game. By the way, if it really gets rolled out, how much can CBDC reduce intermediary costs? Damn, finally someone is seriously pushing this. Bitcoin folks shout about it every day, but no one actually does anything. Digitalization of cross-border e-commerce? It should have been like this a long time ago. The current process is a nightmare. Is the linkage between digital RMB and Singapore hinting at something? The key question is, can RMB settlement really increase volume, or is this just another PPT plan? Seriously? ASEAN investing with RMB? Now this is interesting. But on the other hand, if CBDC really becomes widespread, how will those exchanges survive?

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FantasyGuardian

· 9h ago

ASEAN should have adopted the Renminbi long ago to avoid being constantly squeezed by the US dollar. The internationalization of digital Renminbi is a good move, gradually eroding the US dollar's dominance. Cross-border payments have become more convenient, and our Southeast Asian friends finally don't have to hassle anymore. Honestly, it's about gaining more influence—who controls the payments has the advantage. Now, the Federal Reserve can't sit still. Let's get the Central Bank Digital Currency bridging project started; in the Web3 era, central banks also need to step up. The real ambition is the internationalization of the Renminbi; everything else is just preparation. If ASEAN countries all adopt it, the US dollar hegemony could really start to loosen. This is interesting—it's a long-term game I’m playing. Connecting cross-border e-commerce digital platforms—sounds good, but it's really about data control.

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PonziDetector

· 9h ago

The internationalization of the digital renminbi is quite an interesting move; Southeast Asia is indeed a market worth fighting for. Real interactive comments are as follows: **Comment 1:** Wow, this is about grabbing territory from the dollar. Quite bold. **Comment 2:** Cross-border payments are more convenient. In the future, transferring to Southeast Asia might not take so long anymore. **Comment 3:** The central bank's move is decent, but will ASEAN countries really adopt it? That’s the key. **Comment 4:** Settling bulk commodities in RMB? Sounds good, but what about in reality… **Comment 5:** Another "pilot" project. When will it truly be implemented? **Comment 6:** Step by step towards RMB internationalization. This time, the focus is on cross-border e-commerce, which is reasonable. **Comment 7:** Singapore is involved too. The coordinated effect looks good; worth paying attention to. **Comment 8:** Thinking of the previous CIPS project, this time the push is noticeably stronger. **Comment 9:** It sounds great, but will Southeast Asia really give up the dollar… It’s a bit uncertain.

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