CoinVoice has learned that, according to Xinmin Evening News, under the guidance of the People's Bank of China Shanghai Headquarters, the Bank of China Shanghai Branch completed a corporate dividend transfer to Singapore using digital renminbi remittance, successfully implementing the first cross-border digital renminbi capital item business between China and Singapore.
Bank of China Shanghai Branch actively supports the pilot work of digital renminbi: in cooperation with the Shanghai Gold Exchange, it completed a cross-border settlement of 100 million yuan in digital renminbi for precious metals trading, marking the first cross-border digital renminbi payment in the financial factors market; by using digital renminbi to pay Baowu Steel Group for imported iron ore, it achieved a breakthrough in cross-border digital renminbi payments in the bulk commodities sector; during the 7th China International Import Expo, in collaboration with Shanghai Public Transportation Card Co., Ltd., it held a product launch event for the 'Smart Travel Card' within the expo venue, continuously expanding the application of digital renminbi in multiple scenarios. [Original link]