Deep Tide TechFlow message: On June 20, the People’s Bank of China, the National Development and Reform Commission, the Financial Regulatory Administration, the China Securities Regulatory Commission, the State Administration of Foreign Exchange, and the Shanghai Municipal People’s Government issued the “Action Plan for the Development of the Shanghai International Financial Center for Offshore Finance.” The plan states that, by relying on the Digital Renminbi International Operation Center, and under the premise of ensuring safety and controllability, efforts will be made to build and operate cross-border, offshore, and blockchain-based infrastructure for the Digital Renminbi, to prudently advance interconnection and interoperability with overseas financial infrastructure, and to steadily promote the application of the Digital Renminbi in offshore business and the expansion of its use cases and scenarios.