Lu Lei: Exploring new solutions for cross-border payments using digital RMB, constructing a dual platform of Blockchain and digital asset.

On November 3, Lu Lei, Deputy Governor of the People's Bank of China, stated at Hong Kong Fintechweek 2025 that looking ahead, they will explore new solutions for cross-border payments using digital renminbi. The three principles of lossless, compliance, and interoperability have become the fundamental principles for the construction of the legal digital currency infrastructure. The People's Bank of China is actively exploring open, inclusive, and innovative cross-border payment solutions with various parties to empower the high-quality development of the digital economy. First, they are promoting the exploration of new paradigms for cross-border payments through multilateral Central Bank Digital Currency bridges. The People's Bank of China and multiple monetary authorities, including the Hong Kong Monetary Authority, are jointly exploring and forming a multilateral cooperation model based on the multilateral Central Bank Digital Currency bridge, connecting the payment systems and legal digital currency systems of various economies to achieve multi-currency, second-level direct cross-border payments. Second, relying on the digital renminbi cross-border payment platform to provide solutions for Central Bank Digital Currency cross-border payment cooperation. The People's Bank of China offers a bilateral cooperation model based on the digital renminbi cross-border payment platform, flexibly supporting cross-border interconnectivity with the systems of various monetary authorities, enjoying a digital experience of intelligent cross-border consumption trade and investment. Third, they are building a dual platform of Blockchain and digital assets to activate a new engine for the value internet. The People's Bank of China has launched the digital renminbi blockchain service platform and the digital asset platform. Through the mutual interaction of these two platforms, they can explore innovations in asset digitization that are conducive to enhancing regulatory efficiency and transparency under the premise of controllable homogeneous regulatory risks, improving the efficiency and transparency of value circulation, promoting the efficient flow and optimal allocation of economic factors, and empowering the value internet.