Central Bank: Support Western Region Development Strategy and the New International Land-Sea Trade Corridor (NILSTC) Participating Provinces and Cities in Joining Multilateral Central Bank Digital Currency Bridge Project

BlockBeats News, December 25th. According to The Paper, the People's Bank of China held a press conference to interpret the "Opinions on Financial Support to Accelerate the Construction of the Western Land-Sea New Channel." At the meeting, Wang Xin, Director of the Research Bureau of the People's Bank of China, stated that the "Opinions" grasp the new trend of international cooperation in digital finance and green finance, innovatively driving high-level financial opening in the central and western regions. For example, it supports provinces, regions, and cities along the channel to participate in multilateral central bank digital currency bridge projects, promoting cross-border payments using central bank digital currency; supports cooperation relying on the China-Singapore Green Finance Working Group mechanism to strengthen cooperation in the formulation and application of green finance standards, green finance products, financial support for green technology, and other aspects.