ChainCatcher message, according to Xinmin Evening News, under the guidance of the Shanghai headquarters of the People's Bank of China, the Shanghai branch of the Bank of China completed a corporate dividend transfer to Singapore via digital renminbi remittance, successfully landing the first cross-border digital renminbi capital business between China and Singapore.
The Shanghai branch of the Bank of China actively supports the pilot work of digital renminbi: in collaboration with the Shanghai Gold Exchange, it completed a cross-border settlement of 100 million yuan for precious metal transactions in digital renminbi, landing the first cross-border digital renminbi payment in the financial elements market; using digital renminbi to pay Baowu Group for imported iron ore fees, achieving a breakthrough in cross-border digital renminbi payments in the bulk commodity sector; during the 7th China International Import Expo, partnering with Shanghai Public Transportation Card Co., Ltd., hosted the launch event for the 'Smart Travel Card' product within the expo venue, continuously expanding the application of digital renminbi in multiple scenarios.