首笔直联2.5层“货币桥”业务落地昆山

Core Insights - Kunshan Rural Commercial Bank successfully completed a cross-border payment of 3 million RMB for a local foreign trade enterprise using the m-CBDC Bridge platform, marking the first direct connection of the 2.5-layer currency bridge in Kunshan's financial reform zone [1] - The m-CBDC Bridge project, initiated by the People's Bank of China, Hong Kong Monetary Authority, Bank of Thailand, and Central Bank of the UAE, aims to create an efficient, low-cost, and transparent cross-border payment corridor utilizing central bank digital currencies (CBDC) [1] - The 2.5-layer currency bridge allows small and medium-sized banks to access the currency bridge network indirectly through state-owned banks or designated institutions, significantly lowering the entry barrier compared to traditional SWIFT systems [1] Company Developments - The bank's client manager identified the needs of a long-term overseas trading enterprise and quickly assembled a professional team to customize the "currency bridge" solution, ensuring efficient and secure payment processing [2] - The enterprise reported a significant reduction in cross-border payment time from several days to just a few minutes, along with lower costs, addressing major operational challenges [2] - Moving forward, Kunshan Rural Commercial Bank plans to expand application scenarios, explore more diverse uses in cross-border e-commerce and foreign exchange derivatives trading, and enhance service capabilities for small and micro enterprises with cross-border settlement needs [2]