Central Bank: Increase efforts to replicate and promote the "Shanghai Experience," supporting the innovative application and promotion of the digital RMB in related pilot free trade zones.
BlockBeats News, July 4th. Ji Min, head of the Research Bureau of the People's Bank of China, stated at the State Council's routine policy briefing on July 4th that next, the People's Bank of China will continue to work with relevant departments and other financial regulatory authorities to further support the Free Trade Zone in deepening its integration with international high-standard economic and trade rules and promoting a higher level of institutional opening-up while effectively preventing risks. On one hand, further deepen financial opening and innovation in the Shanghai Free Trade Zone.
Recently, eight support policies were announced at the Lujiazui Forum, including developing offshore trade finance, optimizing and upgrading the functions of the free trade account, and conducting a pilot comprehensive reform of offshore trade finance services. On the other hand, efforts will be made to replicate and promote the "Shanghai Experience," support the innovative application of the digital RMB in related free trade zones, and promote measures such as optimizing electronic payment services nationwide, exploring and practicing the path of open and innovative development in the field of finance in China, and accumulating more replicable and scalable experiences. (China.com)
You may also like

DeFi Governance Revolution

Encrypted CEX is becoming a historical species

Who Pays for War? | Rewire News Morning Digest

Oil Price Surges Above $100, Yield Curve Inverts: U.S. Bonds Have Already Told the Market What Is Coming

Apple at 50: The Departure of Genius, the Permanence of the Machine

Disruption in the 13-week consecutive buying spree, What is the Strategy's Intent?

Global Economic Recession: Has It Quietly Begun?

CoinShares 2026 Report: Have Bitcoin Miners Reached Their Toughest Moment?

The cryptocurrency project World, founded by OpenAI's founder, has raised $67 million in funding, yet still struggles with growth challenges

Morning News | American Bitcoin's BTC holdings have surpassed 7,000; Midas completes $50 million Series A financing; Upbit's parent company Dunamu announces 2025 revenue

WEEX P2P now supports PHP—Merchant Recruitment Now Open
To make crypto deposits easier, WEEX has officially launched its P2P trading platform and continues to expand fiat support. We're excited to announce that the Philippine Peso (PHP) is now available on WEEX P2P!

A plunge of over 97% continues to unlock, yet WLD has completed $65 million in over-the-counter financing: who is still footing the bill?

Potential Bitcoin Crash Below $60K May Delay Recovery to 2027
Key Takeaways: Bitcoin’s deep drawdown phase may extend recovery to the second quarter of 2027. Historical data shows…

BTC USD Price Drops Below $67K Amid Rising Treasury Yields
Key Takeaways: BTC USD slumped to $66,300, its first drop below $67K since March 9, driven by macroeconomic…

Second Bill Targets Insider Trading in Prediction Markets
Key Takeaways: The Public Integrity in Financial Prediction Markets Act of 2026 prohibits government officials from using insider…

India Apprehends Key Figure in Myanmar Crypto Fraud Complex
Key Takeaways: India’s Central Bureau of Investigation (CBI) arrested a key player in a scam that trafficked Indian…

Bitcoin and Profit Metrics: Will History Repeat Itself?
Key Takeaways: Historical patterns reveal that when Bitcoin’s supply in profit falls below 50%, significant price rallies ensue.…

Bitcoin ‘Compression’ Outcome Could Propel BTC Towards $80K: An Analyst’s Perspective
Key Takeaways: Bitcoin’s price is testing a critical $71,500 level, hinting at a possible rally to $80,000. Traders…
