{
  "schema_version": "1.0",
  "slug": "fintech/ecny-supply-chain-expansion",
  "source_path": "fintech/ecny-supply-chain-expansion.md",
  "url": "https://finwiki.zksc.io/ja/fintech/ecny-supply-chain-expansion/",
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  "github_url": "https://github.com/jasonhnd/finwiki/blob/main/fintech/ecny-supply-chain-expansion.md",
  "raw_markdown_url": "https://finwiki.zksc.io/fintech/ecny-supply-chain-expansion.md",
  "domain": "fintech",
  "title": "e-CNY supply-chain and cross-border expansion 2025-2026",
  "entry_type": "wiki_entry",
  "frontmatter": {
    "title": "e-CNY supply-chain and cross-border expansion 2025-2026 — mBridge bridges, Belt-and-Road pilots, HK stablecoin competitive context",
    "aliases": [
      "ecny-supply-chain-expansion",
      "e-CNY 2026 expansion",
      "e-CNY cross-border bridges",
      "数字人民币 跨境扩展",
      "e-CNY supply chain settlement",
      "e-CNY mBridge expansion"
    ],
    "domain": "fintech",
    "type": null,
    "created": "2026-05-25",
    "last_updated": "2026-07-30",
    "last_tended": "2026-07-30",
    "review_by": "2026-11-25",
    "confidence": "likely",
    "tags": [
      "fintech",
      "cbdc",
      "e-cny",
      "china",
      "mbridge",
      "hong-kong",
      "belt-and-road",
      "cross-border",
      "supply-chain"
    ],
    "status": "active",
    "canonical_anchor": null,
    "related": [],
    "note": null,
    "sources": [
      "https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/05/20240517-4/",
      "https://www.hkma.gov.hk/media/eng/doc/key-information/press-release/2024/20240517e3a2.pdf",
      "https://www.bis.org/about/bisih/topics/cbdc/mcbdc_bridge.htm",
      "https://www.pbc.gov.cn/xindaishichangsi/5443861/5443865/5443892/5957f8d15a824e9e88d01710873482d3/2025110711361912922.pdf",
      "https://www.hkma.gov.hk/media/eng/doc/about-the-hkma/legislative-council-issues/20260504e2.pdf",
      "https://www.hkma.gov.hk/eng/regulatory-resources/registers/register-of-licensed-stablecoin-issuers/",
      "https://www.about.hsbc.com.hk/news-and-media/hsbc-welcomes-hkmas-grant-of-a-hong-kong-stablecoin-issuer-licence",
      "https://www.sc.com/en/press-release/standard-chartered-backed-anchorpoint-granted-stablecoin-issuer-licence-by-the-hong-kong-monetary-authority/",
      "https://www.pbc.gov.cn/en/3688110/3688172/4157443/4293696/2021071614584691871.pdf",
      "https://www.bis.org/about/bisih/topics/fmis/agora.htm"
    ]
  },
  "summary": "This entry sits under fintech index as the per-country deep dive on China's e-CNY for the 2025-2026 cross-border expansion phase. It is paired with CBDC adoption curve 2026 for the four-country comparative view, with mBridge BIS 多 CBDC 跨境结算桥 for the wholesale-bridge architecture, and with HKMA stabl",
  "headings": [
    "e-CNY supply-chain and cross-border expansion 2025-2026",
    "Wiki route",
    "Three expansion layers",
    "Layer 1 — Hong Kong / GBA cross-boundary retail link",
    "Layer 2 — mBridge wholesale ring",
    "Layer 3 — Belt-and-Road project-pilot integration",
    "Adoption metrics most-recent public",
    "Architecture and design choices in the expansion phase",
    "HK stablecoin licensing as competitive context",
    "Origin and evolution"
  ],
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      "INDEX",
      "fintech/INDEX",
      "fintech/bis-project-agora-overview",
      "fintech/bis-project-agora-vs-mbridge",
      "fintech/bis-project-ensemble-overview",
      "fintech/cbdc-adoption-curve-china-japan-eu-india-2026",
      "fintech/cbdc-multi-tier-architecture-overview",
      "fintech/cbdc-multi-tier-architecture-three-paradigms",
      "fintech/cbdc-multi-tier-architecture-tradeoffs",
      "fintech/central-banking-function-unbundling",
      "fintech/hkma-stablecoin-licensing-implications",
      "fintech/hkma-stablecoin-licensing-overview",
      "fintech/jurisdiction-list-monetary-protectionism",
      "fintech/mbridge-bis-multi-cbdc-overview",
      "fintech/mbridge-bis-multi-cbdc-vs-agora",
      "fintech/mbridge-non-usd-settlement-ring-scale",
      "fintech/mbridge-six-central-banks-roster"
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      "https://www.bis.org/about/bisih/topics/cbdc/mcbdc_bridge.htm",
      "https://www.bis.org/about/bisih/topics/fmis/agora.htm",
      "https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/05/20240517-4/",
      "https://www.hkma.gov.hk/eng/regulatory-resources/registers/register-of-licensed-stablecoin-issuers/",
      "https://www.hkma.gov.hk/media/eng/doc/about-the-hkma/legislative-council-issues/20260504e2.pdf",
      "https://www.hkma.gov.hk/media/eng/doc/key-information/press-release/2024/20240517e3a2.pdf",
      "https://www.pbc.gov.cn/en/3688110/3688172/4157443/4293696/2021071614584691871.pdf",
      "https://www.pbc.gov.cn/xindaishichangsi/5443861/5443865/5443892/5957f8d15a824e9e88d01710873482d3/2025110711361912922.pdf",
      "https://www.sc.com/en/press-release/standard-chartered-backed-anchorpoint-granted-stablecoin-issuer-licence-by-the-hong-kong-monetary-authority/"
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