The People’s Bank of China (PBOC) has unveiled a comprehensive action plan for the next-generation digital renminbi (digital RMB), announcing that a new measurement framework, management system, operating mechanism and ecosystem will formally take effect Jan. 1, 2026.

Luohu Checkpoint in Luohu District and Shenzhen Bay Checkpoint in Nanshan District will temporarily extend the border-crossing service hours on Dec. 31, the New Year’s Eve, to ease holiday border-crossing traffic, according to a notice released by the city’s port office yesterday.

Shenzhen has unveiled two new incentives to support multinational companies to establish high-end headquarters and foreign-invested R&D centers.

The central bank on Dec. 22 announced a one-time credit repair policy designed to more accurately reflect individuals’ current creditworthiness and help those who have repaid small overdue debts rebuild their records.