At Hong Kong Fintechweek 2025, PBoC outlined blockchain-based CBDC bridge models for cross-border payments, emphasizing compliance, interoperability, and security.
During the Hong Kong Fintechweek 2025 on November 3, Deputy Governor Lu Lei of the People’s Bank of China detailed plans to integrate the digital yuan into new cross-border payment solutions. He emphasized compliance, interoperability, and security as guiding principles, and described both bilateral and multilateral CBDC bridge cooperation models based on blockchain technology. These plans build on prior initiatives involving five partnering central banks, aimed at enhancing global settlement efficiency and strengthening RMB’s international role.