The People's Bank of China and the Bank of the Lao PDR also renewed an MOU covering financial innovation, legal digital currency cooperation and cross-border settlement support during Thongloun's China visit.
China and Laos renewed a bilateral local-currency swap agreement between the People's Bank of China and the Bank of the Lao PDR, alongside a memorandum of understanding on financial innovation, digital payments and legal digital currency cooperation. The agreements were signed during Lao leader Thongloun's visit to China and are intended to reinforce renminbi-kip liquidity arrangements, helping support bilateral trade and cross-border settlement. The move points to continued efforts by the two countries to facilitate trade using local currencies and to deepen cooperation in payment infrastructure and official digital currency frameworks.