PBOC Signals Push for RMB Internationalization and Digital Yuan Expansion
China’s central bank has reiterated its long-term strategy to accelerate the internationalization of the renminbi while steadily advancing the digital renminbi, according to remarks from a meeting of the People’s Bank of China’s Party Committee.
The PBOC emphasized maintaining national financial security alongside high-level financial opening, while actively participating in global financial governance reforms. Officials highlighted the importance of financial diplomacy, deeper multilateral and bilateral monetary cooperation, and a more influential role for China within the global financial system.
A key focus remains the continued build-out of a multi-channel, widely covered cross-border RMB payment network, aimed at improving efficiency and reducing reliance on existing dollar-centric settlement rails. At the same time, the central bank confirmed it will steadily develop the digital renminbi, positioning it as a complementary tool for payments, settlement, and future cross-border use cases.
Taken together, the message signals China’s intent to strengthen the RMB’s global role — both through traditional internationalization and next-generation digital currency infrastructure.
