Since 2025, several cities including Beijing, Guangzhou, and Shanghai have released pilot development plans for digital RMB, continuously innovating and expanding application scenarios, and promoting the expansion and ecological optimization of digital RMB application scenarios. Meanwhile, many regions encourage financial institutions to participate in the construction of multilateral central bank digital currency bridges. The interviewed experts generally believe that in the future, while actively and steadily promoting the pilot of digital RMB, pilot regions will continuously expand the ecosystem of digital RMB and explore more innovative, convenient, and secure scenarios for application. Financial institutions are encouraged to participate actively. On May 12, the People's Bank of China, the General Administration of Financial Supervision, the CSRC, the State Administration of Foreign Exchange and the People's Government of Guangdong Province jointly issued the Opinions on Financial Support for Guangzhou Nansha to Deepen the Comprehensive Cooperation between Guangdong, Hong Kong and Macao Facing the World (hereinafter referred to as the Opinions). The Opinion proposes to promote the facilitation of cross-border payment services. Systematically expand the scope of pilot banks for Hong Kong and Macao residents to witness account opening, and explore the pilot implementation of credit card video interviews. Support banks to cooperate with non bank payment institutions and clearing institutions to carry out cross-border payment business in accordance with laws and regulations. Steadily promote the innovative application of digital RMB and encourage financial institutions to participate in the construction of multilateral central bank digital currency bridges. In April, the Action Plan of the Shanghai International Financial Center to Further Improve the Facilitation of Cross border Financial Services (hereinafter referred to as the Action Plan) jointly issued by the People's Bank of China, the General Administration of Financial Supervision, the State Administration of Foreign Exchange and the Shanghai Municipal People's Government also proposed to support the pilot banks operating digital RMB in Shanghai to actively participate in the multilateral central bank digital currency bridge project and explore innovative characteristic scenarios. Support foreign exchange trading centers to provide foreign exchange liquidity management and exchange services for multilateral central bank digital currency bridges. It is understood that the Multilateral Central Bank Digital Currency Bridge (mBridge) is jointly built by the Bank for International Settlements (Hong Kong) Innovation Center, Bank of Thailand (Bank of Thailand), the Central Bank of the United Arab Emirates, the People's Bank of China Digital Currency Institute and the Hong Kong Monetary Authority, and is committed to creating a cross-border payment solution with high efficiency, low cost, high scalability and regulatory requirements centered on the central bank's digital currency. Based on the comprehensive plans of both regions, financial institutions are encouraged to participate in the construction of multilateral central bank digital currency bridges, and the release time is very short. It can be foreseen that the construction of multilateral central bank digital currency bridges will usher in new developments. ”Du Yang, a researcher at the China Banking Research Institute, told Securities Daily reporters that actively participating in the construction of multilateral central bank digital currency bridges by financial institutions is not only a strategic opportunity to comply with policy guidance, but also an important lever for achieving business transformation and improving international competitiveness. Financial institutions should proactively strengthen top-level design, establish specialized working groups, and coordinate the construction of mechanisms and compliance frameworks for cross-border digital financial services; At the same time, actively participate in pilot testing, jointly build scenarios with domestic and foreign enterprises, and expand the feasibility and convenience of digital RMB in real cross-border transactions. From a more detailed and comprehensive perspective, several regions have already released development plans for digital RMB pilot projects this year, involving multiple fields. At the beginning of this year, Beijing Branch of the People's Bank of China held the 2025 working conference and proposed to continue to optimize cash services, rectify rejected cash and expand the coverage of digital RMB applications. On April 15th, the Zhejiang Provincial Department of Commerce and 10 other departments released the "Implementation Plan for Promoting High Quality Development of First Launch Economy", which proposed to deepen innovation in consumer finance, encourage the provision of preferential rights and value-added services for first store brands and products, carry out pilot projects of "digital RMB+first launch first store" scenarios, and promote payment convenience in first store locations. Shandong actively explores the deep integration of digital RMB and fiscal policies that benefit the people. On April 22, the General Office of the People's Government of Shandong Province released the "Implementation Plan for Deepening the Reform and Innovation of the Business Environment for Strengthening the Service Brand of 'Civil Worry Free, Enterprise Affairs Solved, and Government Affairs Efficient'", proposing to expand the application scenarios of digital RMB and promote more distribution of policy funds for the benefit of the people in the form of digital RMB. Looking back at the development process of digital RMB, compared with the early stage, the current work deployment around digital RMB in many places presents more detailed and in-depth characteristics. ”Lou Feipeng, a researcher at China Postal Savings Bank, said that the scale of digital RMB transactions in China has grown significantly, and the application scenarios have entered the "deep cultivation" stage. It is expected that in the future, digital RMB will continue to develop in terms of security, convenience, and diversity. The exploration of pilot work in multiple regions will also accumulate rich and valuable practical experience for the comprehensive promotion and implementation of digital RMB. (New Society)