Shanghai International Financial Center is developing an action plan for offshore financial development: steadily promoting the application and expansion of digital RMB in offshore business scenarios.

The People's Bank of China, the National Development and Reform Commission, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, the State Administration of Foreign Exchange, and the Shanghai Municipal People's Government jointly issued the "Shanghai International Financial Center Offshore Financial Development Action Plan". The plan proposes to rely on the digital RMB international operation center to build and operate digital RMB cross-border, offshore, and blockchain infrastructure on the premise of safety and controllability, steadily promote the interconnection with overseas financial infrastructure, and steadily promote the application and expansion of the digital RMB in offshore business scenarios.