Jin Rong Shi Bao·2025-09-11 02:19Core Viewpoint - The 2025 China International Service Trade Fair (CIFTIS) opened in Beijing, highlighting the growing importance of service trade in international economic cooperation and China's commitment to enhancing service trade through innovation [1][2]. Group 1: Event Overview - The CIFTIS took place at Shougang Park, transforming the site into a vibrant venue for international exchange, with significant attendance [1]. - Service trade in China has reached a new milestone, surpassing one trillion USD, reflecting rapid growth in recent years [1]. Group 2: Role of Bank of China - Bank of China has been the exclusive global partner for the banking industry at CIFTIS for five consecutive years, actively participating in the event's preparation and execution [2]. - The bank organized various activities during the fair, including "Sydney Day" and the launch of cross-border financial services, showcasing its commitment to supporting international trade [2][3]. Group 3: Financial Services and Innovations - Bank of China presented its theme "Digital Intelligence Leading Global Services" at the fair, emphasizing its role in providing high-quality financial services to support economic development [3]. - The bank has developed innovative products like the "Mifang Card" and "Laihua Tong" app to enhance the experience of foreign visitors in China, integrating payment, communication, and transportation services [8][9]. Group 4: Support for International Trade - The bank has strengthened its global service capabilities through a network of branches in 64 countries, facilitating cross-border financial services and supporting China's "Belt and Road" initiative [4][5]. - Bank of China has launched various action plans to stabilize foreign trade growth and enhance trade facilitation, contributing to the construction of a trade powerhouse [4]. Group 5: Enhancing Travel Services - The travel service sector has seen significant growth, with a 12.3% increase in imports and exports, and a remarkable 68.7% growth in travel service exports in the first half of 2025 [7]. - The bank has implemented measures to improve payment services for foreign visitors, creating a comprehensive service ecosystem to facilitate travel and shopping in China [7][8]. Group 6: Contributions to Beijing's Development - Bank of China Beijing Branch has played a crucial role in supporting the city's high-level opening-up initiatives, launching innovative financial products to attract investment [10][11]. - The bank's participation in the CIFTIS showcased its commitment to enhancing Beijing's service trade capabilities and supporting the city's economic development [12].