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China Confirms Launch of Digital Yuan International Operation Center in Shanghai

By

Triparna Baishnab

Triparna Baishnab

Digital yuan international operation center opens in Shanghai with platforms for cross-border payments, blockchain services.

China Confirms Launch of Digital Yuan International Operation Center in Shanghai

Quick Take

Summary is AI generated, newsroom reviewed.

  • China launched the Digital Yuan International Operation Center in Shanghai in September 2025.

  • Cross-border payment pilots processed 160+ transactions, issuing 80 million yuan and settling 150 million yuan.

  • Shanghai Clearing House expanded in 2023 to handle digital yuan clearing alongside bonds, FX, and commodities.

  • The initiative aims to push the yuan’s use in global trade and reduce dependence on SWIFT.

The Digital Yuan International Operation Center has made cross-border settlement the centre of focus. Pilot programs had handled over 160 transactions and issued 80 million yuan in digital currency which resulted in settlements exceeding 150 million yuan. This revealed the capability of the system to support trade flows of the magnitude comparable to the traditional financial infrastructure. With a blockchain-supported settlement system, the platform would be less expensive and quicker than other networks, including SWIFT.

Chang’an Chain Powers Blockchain Services

The second pillar of the center is the blockchain service platform Chang’an Chain. The testing of Changan Chain under real-life conditions also took place at the 2022 Winter Olympics where it was able to handle large amounts of data in a secure manner. Its design aims at being independent and manageable such that the hardware and software in China. This has minimized risks of foreign technology exposure and offers the flexibility to large scale applications of digital yuan.

Shanghai Clearing House Expands Digital Asset Role

The digital asset platform runs on the Shanghai Clearing House also operating under the sight of the People’s Bank of China. It has therefore traditionally offered clearing and settlement services on bonds, foreign exchange, credit and commodity markets. In 2023, it in fact entered the field of digital yuan clearing, a breakthrough in the inclusion of the central bank digital currency in the traditional financial transaction. The platform allows settlement of digital assets instantly in yuan, as well as combines related functions of clearing, thus providing business with a single platform of traditional and electronic assets. This will make the adoption of digital yuan an inseparable part of the wider financial system of China.

Shanghai Launch Signals Global Push for Yuan

Through integrating cross-border payment systems, blockchain services, and digital asset platforms. The center will make the digital yuan a viable choice to settle international trade. As the transaction volumes are already in the hundreds of millions of yuan in pilot stages. It is an indication that China is about to introduce the digital yuan to wider markets in the global market.

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