Group 1 - China Bank signed a CIPS direct participation fund custody agreement with Mongolia's Transportation and Development Bank, marking a significant breakthrough in cross-border financial services [1] - The successful implementation of this agreement has significantly shortened the cross-border payment time between China Bank and Mongolian banks, enabling real-time fund transfers that previously took days [1] - This initiative promotes the use and circulation of the Renminbi in Mongolia, contributing to the internationalization of the currency [1] Group 2 - China Bank's Inner Mongolia branch has established a working group to enhance communication and cooperation with Mongolian financial institutions, focusing on policy and market research [2] - The branch has successfully established account relationships with the top seven commercial banks in Mongolia, facilitating cross-border clearing operations [2] - By the end of 2024, the average daily clearing amount in various currencies for Mongolian commercial banks is expected to exceed 400 million Renminbi, with an annual remittance volume of approximately 30 billion Renminbi [2]