Core Insights - The global rise of digital currencies is prompting central banks to accelerate their exploration of central bank digital currencies (CBDCs) [1][2] - The mBridge project, which involves multiple central banks, has entered the Minimum Viable Product (MVP) stage, but faces challenges in data privacy and other areas [1][3] Technical Challenges - Beijing has a leading blockchain research foundation, but there is a gap in underlying blockchain technology compared to top international cities [1] - There is a lack of widely recognized evaluation standards and systems for blockchain technology, which affects performance, efficiency, scalability, and security [1] Market Challenges - Foreign trade enterprises primarily rely on the traditional USD-dominated cross-border payment system, limiting the acceptance of digital RMB for cross-border payments [1][2] Recommendations for Advancement - Strengthening core blockchain technology through comprehensive technical validation, creating an open-source blockchain community, and enhancing talent recruitment and training [2] - Improving enterprises' adaptability to new payment technologies while reinforcing cross-border payment regulatory frameworks to reduce digital transformation costs [2] - Enhancing international cooperation to elevate the level of financial services and align with global regulatory frameworks [2] Project Background - The mBridge project was jointly established by the Bank for International Settlements (Hong Kong), the Bank of Thailand, the Central Bank of the UAE, the People's Bank of China Digital Currency Research Institute, and the Hong Kong Monetary Authority in 2021 [2] - The project aims to address issues in traditional cross-border payment systems, such as high costs, low efficiency, low transparency, and limited access [2][3]

日前，香港财经事务及库务局局长许正宇表示，香港证监会正考虑为专业投资者引入虚拟资产衍生品交 易，并会制订稳健的风险管理措施。 国家统计局数据，2024年中国数字货币市场规模突破1.5万亿元，年复合增长率达34%，其中数字人民 币(e-CNY)交易规模占比超过60%。 展望后市，中研普华产业研究院预测，2025-2030年中国数字货币市场将维持25%年均复合增长率， 2030年规模突破3万亿元。数字人民币渗透率将达55%，跨境支付占比提升至25%。 具体到A股市场，据机构测算，A股数字货币板块PE中位数已从2024年的峰值明显回落，安全边际显 现，可关注具备跨境支付技术的企业，以及银行IT服务商等。（光大证券微资讯） 2025年广州试点数字人民币地铁票务系统，日均交易突破50万笔。 据悉，人民银行对数字货币建设的规划是，以多边央行数字货币桥（mBridge）为核心抓手，当前已支 持26国跨境实时结算，单笔交易时间压缩至6-9秒。下一步将扩大东盟、金砖国家参与，探索本币结算 机制替代传统SWIFT系统。 与此同时，加快《数字人民币管理条例》立法进程，同步构建跨境支付数据合规框架，提供操作指引。 这是香港在为"稳定 ...

日前，兴业银行温州分行通过多边央行数字货币桥(mBridge，下称"货币桥")为当地某企业成功办理跨 境人民币支付业务。该笔交易不仅是温州市首笔多边央行数字货币桥跨境支付交易，同时也是浙江省截 至目前金额最大的货币桥业务。苏商银行特约研究员薛洪言对记者表示，"银行在货币桥项目落地中扮 演着技术落地与场景创新的核心角色。一方面，银行作为直接参与方，承担着货币桥底层技术架构的搭 建任务；另一方面，银行通过探索多样化应用场景，推动货物贸易、服务贸易等场景跨境支付的实际落 地，验证技术可行性，推动货币桥从理论走向实践。"(证券日报) ...