Core Viewpoint - The article highlights the expansion of the foreign exchange trading synchronization settlement mechanism in China's interbank market, with the China Foreign Exchange Trading Center offering information transmission services to overseas and free trade zone investors for the first time [1] Group 1: Service Expansion - The China Foreign Exchange Trading Center has launched cross-border foreign exchange trading synchronization settlement services, covering the renminbi and eight major foreign currencies [1] - This service includes various transactions such as domestic and free trade zone renminbi foreign exchange, foreign currency pairs, foreign currency repos, foreign currency lending, and currency swaps [1] Group 2: Role of Bank of Communications - Bank of Communications is the first foreign currency settlement bank to provide agency services, successfully completing synchronized settlement of renminbi foreign exchange transactions for overseas institutions [1] - The bank plays a crucial role in enhancing the efficiency of the foreign exchange market by ensuring that the two currencies involved in a transaction are settled simultaneously [1] Group 3: Technological and Operational Advancements - The bank utilizes a multi-account system, including FT accounts and NRA accounts, to facilitate rapid cross-border settlement of foreign exchange transactions within seconds [1] - The initiative aims to optimize the construction and system functionality of the interbank market's foreign exchange trading synchronization settlement mechanism [1]