China’s Central Bank Establishes Digital RMB International Operations Center

The People's Bank of China has taken a decisive step toward globalizing its digital currency with the establishment of a Digital RMB International Operations Center in Beijing. This new hub will focus exclusively on cross-border infrastructure and blockchain integration for the digital yuan, forming a strategic 'two-wing' structure alongside the existing Operations Management Center.

Beijing's dual-center approach creates a clear division of labor—one wing drives domestic adoption and system stability while the other pursues international partnerships. The MOVE signals China's ambition to position the digital yuan as a counterbalance to dollar dominance, coinciding with Hong Kong's parallel efforts to develop yuan-backed stablecoins and cross-border payment systems.

Central bank governor Pan Gosheng confirmed the initiative will accelerate Beijing's transformation into a national financial management hub. Market observers note the timing aligns with China's broader push for financial sovereignty through blockchain technology, though concrete timelines for global rollout remain unspecified.