Core Viewpoint - The article highlights the recent advancements in the deployment of digital RMB in the cross-border payment sector, emphasizing collaborations and infrastructure developments that enhance its application and internationalization [1][2]. Market Developments - Hang Seng Bank, in collaboration with its subsidiary Hang Seng China and China Construction Bank, has launched a digital RMB merchant payment service in Hong Kong, expanding its use in retail consumption [2][3]. - Consumers can now use digital RMB wallets at over 100 local merchants in Hong Kong across various sectors, including dining, tourism, electronics, and clothing [3]. - The initiative aims to increase the usage of digital RMB in Hong Kong and strengthen its position as an offshore RMB business hub [3]. Infrastructure Advancements - The Digital RMB International Operation Center in Shanghai has commenced operations, alongside the establishment of the Digital RMB Operation Management Center in Beijing, both aimed at facilitating cross-border applications and international development of digital RMB [2][6]. - The Shanghai center is responsible for building and operating the cross-border and blockchain infrastructure for digital RMB, while the Beijing center focuses on the core infrastructure for the central bank's digital RMB system [7]. Future Directions - The People's Bank of China (PBOC) is exploring new cross-border payment solutions using digital RMB, emphasizing principles of "no loss," "compliance," and "interconnectivity" in the development of digital currency infrastructure [4][5]. - The PBOC plans to promote multilateral central bank digital currency bridge cooperation and leverage digital RMB platforms for cross-border payment collaborations [5]. Accelerated Application Progress - The application of digital RMB in cross-border payments has significantly accelerated in 2023, with the establishment of the Digital RMB International Operation Center and the introduction of three major business platforms [6]. - These platforms include a cross-border digital payment platform, a blockchain service platform, and a digital asset platform, each addressing specific challenges in traditional cross-border payments and enhancing digital financial services [6].