Sou Hu Cai Jing·2025-09-02 07:56Group 1 - The core viewpoint of the news is the successful implementation of the "currency bridge" cross-border remittance service by Bank of Communications Shanghai Branch in collaboration with Shanghai Bank, marking the first application of the mBridge in the Shanghai region [1] - The mBridge is a cross-border payment infrastructure initiated by multiple central banks, utilizing distributed ledger technology to facilitate real-time point-to-point transactions, significantly reducing settlement time and costs [1] - The collaboration between Bank of Communications and Shanghai Bank enhances the efficiency and cost-effectiveness of cross-border payment chains, contributing to the expansion of digital RMB applications in Shanghai [1] Group 2 - The future plans of Bank of Communications Shanghai Branch include further leveraging its role as a digital RMB operating institution to enrich interbank cooperation and optimize cross-border financial experiences [2] - The initiatives aim to inject new momentum into the construction of Shanghai as an international financial center and promote the internationalization of the RMB [2]