PANews reported on June 4th that Lu Lei, Vice Governor of the People's Bank of China, stated at the "High-Level Seminar on the Development and Cross-border Innovative Applications of Central Bank Digital Currency between China and Portuguese-speaking Countries" that China has initially established a digital RMB ecosystem and completed the upgrade of its new-generation measurement framework in January of this year, transforming digital cash into a digital deposit currency (version 2.0) with value storage functions. The digital RMB possesses core capabilities such as a universal hybrid currency, programmable smart payment, and efficient supervision.

Lu Lei revealed that the multilateral central bank digital currency bridge (mBridge), jointly built by the People's Bank of China, the Hong Kong Monetary Authority, the Monetary Authority of Macao, the Central Bank of the UAE, and the Bank of Thailand, is continuously expanding its membership and business scenarios. Meanwhile, the People's Bank of China is building the "CBETS" cross-border settlement service platform, supporting overseas institutions with "one-point access" and 24/7 direct on-chain and off-chain settlement. Macao is actively promoting the digital Macao pataca sandbox test, and in the future, it is expected to achieve interconnection between the digital Macao pataca system and CBETS, providing a more transparent, secure, efficient, and low-cost cross-border payment and settlement channel between China and Portuguese-speaking countries.