Core Insights - The People's Bank of China (PBOC) Governor Pan Gongsheng met with UAE Vice President Mansour and Central Bank Governor Khaled to discuss strengthening bilateral financial cooperation [1] - The launch of the China-UAE payment cooperation project was witnessed, which includes the interconnection of rapid payment systems and the first transaction of the "UnionPay-Jaywan" dual-brand card [1] - A Memorandum of Understanding was signed to establish a regulatory framework for cross-border payment cooperation between China and the UAE, enhancing the efficiency of cross-border remittances [1] Group 1 - The meeting aimed to enhance bilateral financial cooperation between China and the UAE [1] - The China-UAE payment cooperation project includes the launch of a multilateral digital currency bridge (JISR) [1] - The agreement will facilitate online rapid cross-border remittances for businesses and individuals in both countries [1]