PANews reported on August 23 that the full text of the newly revised "Shanghai Regulations on Promoting the Construction of an International Financial Center" was announced, which pointed out that the Shanghai Municipal People's Government should cooperate with the central financial management departments to steadily promote the research and development and application of digital RMB in the city, build functional platforms such as the Digital RMB Innovation and Operation Center, facilitate the cross-border use of digital RMB, study the application of digital RMB supporting blockchain value system payments, and promote more projects to be included in the multilateral central bank digital currency bridge.

Shanghai's local finance, development and reform, finance, commerce, transportation, data, civil affairs, education and other departments should cooperate with the central financial management departments' institutions in Shanghai to promote the application and promotion of digital RMB and innovate and enrich the application scenarios of digital RMB.

Shanghai's local financial departments will cooperate with relevant municipal departments to support financial institutions, financial technology companies, etc. in participating in the construction of urban computing infrastructure, blockchain infrastructure, public data open infrastructure, etc. The city supports financial institutions, financial infrastructure operators, etc. to strengthen the application of blockchain, artificial intelligence, big data and other technologies, improve risk control systems, and expand the supply of financial products and services.