Bank of China Shanghai Branch, under the guidance of the Shanghai Head Office of the People's Bank of China, successfully completed a transfer of a Singaporean company's dividend through digital RMB remittance, marking the first implementation of cross-border digital RMB capital transactions between China and Singapore! 🎉

In addition, the Bank of China Shanghai Branch collaborated with the Shanghai Gold Exchange to complete a cross-border settlement of precious metal transactions valued at 100 million yuan using digital RMB, pioneering a new frontier in the financial elements market. 💰

In the bulk commodity sector, the Bank of China also paid for imported iron ore for Baowu Steel Group using digital RMB, achieving a new breakthrough in cross-border payments. 🌐

These initiatives demonstrate the potential of digital RMB on the international stage, especially in terms of its application prospects in cross-border payments. 🚀