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On August 1, 2025, the People's Bank of China convened a working conference for the latter half of the year. The conference underscored the need to elevate financial management and service standards by advancing pivotal legislative and regulatory overhaul initiatives, reinforcing the development, promotion, and utilization of digital renminbi infrastructure, and methodically fostering the interoperability of rapid payment systems. Furthermore, the gathering emphasized the establishment of a secure and efficient cross-border payment system, refining cash services, expediting the construction of treasury engineering projects, and diligently executing anti-money laundering evaluation tasks to comprehensively and profoundly propel various financial sector undertakings forward.
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