Zhong Guo Jin Rong Xin Xi Wang·2025-09-18 11:53Core Insights - The Industrial and Commercial Bank of China (ICBC) Fangchenggang Branch has successfully launched the first digital RMB "Border Resident Loan" in the country, aimed at enhancing financial inclusion for border trade [1] - The loan is based on the bank's digital "Quick Loan" model and is a pure credit product that does not require collateral, addressing the short-term and urgent financing needs of border residents [1] - The loan is disbursed in digital RMB directly to the wallets of border residents, ensuring compliance and control over fund sources, while payments for border trade transactions are facilitated through the North Bay Digital RMB Comprehensive Service Platform [1] Summary by Sections Digital RMB Loan Initiative - The "Border Resident Loan" is designed to meet the financing needs of border residents with a focus on accessibility and ease of acquisition [1] - The loan features a one-year LPR (Loan Prime Rate) with low interest rates, promoting financial literacy through community engagement initiatives [1] Future Applications - ICBC Fangchenggang Branch plans to explore the application of digital RMB in cross-border e-commerce and bulk commodity trading, aiming to provide replicable financial innovation experiences for border trade across the country [2]