China-Digital RMB/Trade

China launches digital yuan service for cross-border trade

  • English
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  • ID : 8499876
  • Dateline : Sept 18/15, 2026/Recent File
  • Location : China
  • Category : Trade
  • Duration : 1'33
  • Audio Language : Nats/Part Mute
  • Source : China Central Television (CCTV)
  • Restrictions : No access Chinese mainland
  • Published : 2026-09-19 14:36
  • Last Modified : 2026-09-19 14:41:48
  • Version : 2

China-Digital RMB/Trade

China launches digital yuan service for cross-border trade

Dateline : Sept 18/15, 2026/Recent File

Location : China

Duration : 1'33

  • English


Nanning City, Guangxi Zhuang Autonomous Region, south China - Recent (CCTV - No access Chinese mainland)
1. Various of venue for China-ASEAN Expo, flags

Nanning City, Guangxi Zhuang Autonomous Region, south China - Sept 18, 2026 (CCTV - No access Chinese mainland)
2. Sign of China-ASEAN Financial Cooperation and Development Forum
3. Various of launch ceremony of CBETS LIFT in progress, attendees

China - Sept 15, 2026 (CCTV - No access Chinese mainland)
4. Screenshots showing online banking platform displaying cross-border transaction details

FILE: China - Exact Location and Date Unknown (CGTN - No access Chinese mainland)
5. Signs of China's digital currency (e-CNY)

FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
6. Various of phone screen showing e-CNY payment pages, account balance

FILE: Location and Date Unknown (CCTV - No access Chinese mainland)
7. Various of foreign user using e-CNY payment app

FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
8. Sign of e-CNY

FILE: Yiwu City, Zhejiang Province, east China - April 23, 2023 (CCTV - No access Chinese mainland)
9. Various of freight train departing

FILE: Guangxi Zhuang Autonomous Region, south China - 2023 (CCTV - No access Chinese mainland)
10. Aerial shots of containers, ships at port


China's international operation center for the digital RMB launched CBETS LIFT on Friday at a China-ASEAN financial forum in south China's Nanning, introducing a digital yuan framework for cross-border trade settlement and financing.

The center, set up by the People's Bank of China, said the service was designed to ease frictions in cross-border payments and trade finance.

CBETS LIFT, offered through the center's Cross-border e-CNY Transfer Services platform, or CBETS, provides a single framework for domestic financing, cross-border payments and receipts, offshore investment and the repatriation of funds to China.

The service also integrates trade data, payment flows and transaction documents across trade, shipping, freight and financing activities, the center said.

CBETS LIFT has been tested in multiple live transactions covering imports and exports. The launch came as China and Laos introduced cross-border digital-payment links, with some Lao banks connecting to CBETS and beginning to offer the service.

ID : 8499876

Published : 2026-09-19 14:36

Last Modified : 2026-09-19 14:41:48

Source : China Central Television (CCTV)

Restrictions : No access Chinese mainland

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