Sou Hu Cai Jing·2026-01-26 02:34Core Viewpoint - The successful implementation of cross-border digital RMB settlement in Guang'an Free Trade Zone marks a significant advancement in the use of digital currency for international trade, enhancing the efficiency and cost-effectiveness for local foreign-related enterprises [1][2]. Group 1: Digital Currency Implementation - The first cross-border settlement transaction using digital RMB in Guang'an was facilitated by the Bank of China Sichuan Branch through the Multilateral Central Bank Digital Currency Bridge [1]. - This initiative fills a gap in Guang'an's cross-border payment landscape and supports the internationalization of the RMB [1]. Group 2: Collaborative Efforts - The success of the transaction is attributed to the strong collaboration among the People's Bank of China Sichuan Branch, Guang'an Branch, and the Bank of China Sichuan Branch, leveraging the advantages of the Multilateral Central Bank Digital Currency Bridge [2]. - The transaction eliminated the need for intermediary payments, allowing for real-time fund transfers and significant savings in financial costs for enterprises [2]. Group 3: Future Developments - The Bank of China Sichuan Branch plans to continue exploring more scenarios for digital RMB cross-border settlements, aiming to provide lower-cost and more efficient payment solutions for foreign-related enterprises [2]. - The focus will be on building a digital RMB application ecosystem to facilitate better cross-border financial services for local businesses [2].