The People's Bank of China and the Bank of the Lao People's Democratic Republic have renewed their bilateral currency swap agreement involving the Chinese yuan and the Lao kip. This renewal occurred during the visit of Lao leader Thongloun to China. Additionally, both countries have extended a memorandum of understanding to enhance cooperation in financial innovation, digital payments, and central bank digital currencies. These agreements aim to strengthen liquidity arrangements between the two central banks and advance collaboration in digital payments and central bank digital currency initiatives, supporting trade and cross-border settlement needs between China and Laos.