IntroductionChina’s Digital Yuan (e-CNY) is increasingly being used for cross-border transactions, reflecting the country’s push to internationalize its central bank digital currency (CBDC). According to the People’s Bank of China (PBOC), cross-border e-CNY transactions reached $1.2 billion in Q3 2025, a 35% increase
IntroductionChina has expanded its Digital Yuan cross-border pilot program to include multiple Central Asian countries, marking a significant milestone in the internationalization of its central bank digital currency (CBDC). The expansion aims to facilitate cross-border trade, enhance financial connectivity, and strengthen China’s economic
Policy Context:China’s leading digital wallet providers, including Alipay and WeChat Pay, are preparing to expand operations into Southeast Asia. This expansion follows regulatory approvals and aligns with China’s strategy to internationalize its fintech services while ensuring compliance with both domestic and regional regulations.
Policy Context:Tencent’s fintech division has received regulatory approval to expand cross-border payment services, marking a significant milestone in China’s fintech landscape. The approval comes after months of review to ensure compliance with financial regulations, anti-money laundering (AML) requirements, and cybersecurity standards. This policy
IntroductionChina has opened a new Digital Yuan Hub in Shanghai with the explicit aim of expanding cross border payment capacity. The hub represents one of the most ambitious steps in the evolution of the e-CNY, the country’s central bank digital currency. Officials describe
IntroductionChina has inaugurated a new digital yuan operations hub in Shanghai, signaling a strategic push to expand its central bank digital currency (CBDC) into international finance. The initiative aims to facilitate cross-border payments, enhance fintech infrastructure, and promote wider adoption of the digital
Testing China’s CBDC in cross-border trade corridors from Asia to the Middle East. Taking the Digital Yuan Overseas China’s central bank digital currency (CBDC), known as the digital yuan (e-CNY), has moved from domestic pilots into the global arena. After years of testing
