Golden Finance reported that the "Regulations on Promoting the Construction of an International Financial Center in Shanghai" was revised and adopted at the 15th meeting of the Standing Committee of the 16th Shanghai People's Congress on August 22, 2024, and will come into effect on October 1, 2024. The "Regulations" point out that the Shanghai Municipal People's Government should cooperate with the central financial management department to steadily promote the 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 to support blockchain value system payment, and promote more projects to be included in the multilateral central bank digital currency bridge. Support financial institutions, financial infrastructure operators, etc. to strengthen the application of blockchain and other technologies, improve the risk control system, and expand the supply of financial products and services.