Core Insights - The Industrial and Commercial Bank of China (ICBC) Jinhua Branch is actively participating in the economic and financial service reform pilot in Jinhua, Zhejiang Province, focusing on enhancing cross-border financial services to support the local economy [1] Group 1: Cross-Border Financial Services - ICBC Jinhua Branch is implementing policies to improve cross-border financial services, directly benefiting local enterprises [1] - The branch has processed over ten thousand high-level open pilot business transactions, promoting cross-border trade and investment [1] Group 2: Currency and Risk Management - The bank has conducted extensive outreach, serving over a thousand enterprises to increase awareness of RMB settlement, aiming to boost the proportion of goods trade settled in RMB [1] - A new "exchange rate hedging market monitoring system" has been developed, allowing companies to monitor exchange rates more efficiently, enhancing their ability to manage risks associated with exchange rate fluctuations [1] Group 3: Financial Innovation - The Jinhua Branch has pioneered the implementation of a multi-central bank digital currency bridge business, expanding the application of digital RMB in cross-border scenarios [1] - The branch has successfully launched a pilot program for derivative guarantee and credit enhancement services for cross-border financial service platforms, providing small and micro enterprises with more convenient and cost-effective exchange rate hedging services [1]

Core Viewpoint - The successful execution of the first multilateral central bank digital currency bridge business by the Industrial and Commercial Bank of China (ICBC) in Xiong'an New Area marks a significant step in promoting the internationalization and digitization of the Renminbi [1] Group 1 - The operation was conducted under the guidance and support of the People's Bank of China Xiong'an New Area branch [1] - This initiative expands the cross-border Renminbi settlement channels for enterprises in Xiong'an New Area [1] - The implementation signifies the official launch of multilateral central bank digital currency bridge cross-border payment scenarios in Xiong'an New Area [1]