TechFlow, December 25 — According to Jinshi Data, the People's Bank of China held a press conference to interpret the "Guiding Opinions on Financial Support for Accelerating the Construction of the Western Land-Sea New Passage." At the conference, Wang Xin, Director of the Research Bureau of the People's Bank of China, stated that the document captures new trends in international cooperation in digital finance and green finance, driving high-level financial openness in central and western regions. For example, it supports provinces and regions along the passage in participating in the m-CBDC Bridge project to promote the use of central bank digital currencies in cross-border payments; it also supports enhanced cooperation through the China-Singapore Green Finance Working Group mechanism in areas such as the development and application of green finance standards, green financial products, and financial support for green technology. (The Paper)
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