The post China Explores Digital Finance with New Corridor Initiative appeared on BitcoinEthereumNews.com. Key Points: China issues policy to explore digital RMBThe post China Explores Digital Finance with New Corridor Initiative appeared on BitcoinEthereumNews.com. Key Points: China issues policy to explore digital RMB

China Explores Digital Finance with New Corridor Initiative

Key Points:
  • China issues policy to explore digital RMB in trade, enhancing corridor cooperation.
  • Cross-border CBDC projects with Thailand, Hong Kong, UAE proposed.
  • Impact on digital finance infrastructure rather than decentralized crypto market.

On December 24, the People’s Bank of China, alongside seven other departments, issued new opinions to promote digital finance cooperation and RMB expansion in cross-border payments along the Western Land-Sea New Corridor.

This initiative aims to enhance financial connectivity and trade efficiency with countries like Singapore, Thailand, Hong Kong, and UAE, leveraging the digital RMB’s capabilities in international transactions.

China Proposes CBDC Collaborations in Major Trade Corridors

The People’s Bank of China, in collaboration with other governmental bodies, has put forth a plan advocating for international digital finance cooperation along the Western Land-Sea New Corridor. The initiative, announced on December 24, proposes significant engagement with CBDC projects involving multiple countries.

Exploration of digital RMB in cross-border payments is central to this strategy, with pilot projects aimed at facilitating transactions with Singapore. The plan includes building digital service platforms for cross-border e-commerce, connecting provinces to international digital trade networks.

Expert Analysis on Implications of China’s CBDC Strategy

Did you know? The People’s Bank of China continues the global trend of exploring CBDCs, reminiscent of initiatives by other central banks seeking digital currency solutions for international trade.

Ethereum (ETH) glided at $2,930.60, capturing a market cap of $353.71 billion and maintaining 12.02% market dominance, according to CoinMarketCap. The 24-hour trading volume hit $17.34 billion, marking a 14.70% decrease, while ETH faced a minor 0.33% decline over 24 hours.

Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 16:14 UTC on December 24, 2025. Source: CoinMarketCap

Experts from the Coincu research team suggest that the successful implementation of digital RMB in cross-border scenarios could accelerate technological development in financial services. This policy could enhance efficiency and lower transaction costs, revolutionizing finance in the corridor region.

Source: https://coincu.com/news/china-digital-finance-cbdc-corridor/

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