PANews January 1 report, according to Xinmin Evening News, under the guidance of the People's Bank of China Shanghai Headquarters, Bank of China Shanghai Branch completed a corporate dividend transfer to Singapore through digital RMB remittance, successfully landing the first cross-border digital RMB capital transaction between China and Singapore. Bank of China Shanghai Branch actively supports the digital RMB pilot work: collaborating with the Shanghai Gold Exchange to complete a 100 million yuan cross-border settlement of precious metal transactions in digital RMB, marking the first cross-border digital RMB payment in the financial element market; using digital RMB to pay for imported iron ore for Baowu Steel Group, achieving a breakthrough in cross-border digital RMB payments in the bulk commodity sector; during the 7th China International Import Expo, partnering with Shanghai Public Transport Card Co., Ltd. to hold a product launch for the 'Smart Travel Card' in the expo venue, continuously expanding the application of digital RMB in multiple scenarios.