Core Viewpoint - The Fourth Global Digital Trade Expo in Hangzhou highlights the integration of artificial intelligence and digital trade, showcasing China UnionPay's innovations in payment solutions and its commitment to enhancing the digital trade ecosystem [1][2]. Group 1: Event Overview - The expo focuses on "Artificial Intelligence + Digital Trade" and is the only national-level exhibition dedicated to digital trade in China, attracting global attention [1]. - China UnionPay's theme is "Connecting the World, Sharing the Future," emphasizing its role in the digital trade industry's evolution [1]. Group 2: China UnionPay's Innovations - China UnionPay showcased its smart payment innovations, including the MCP intelligent payment service that allows users to complete transactions within chat interfaces, promoting a "dialogue-to-payment" experience [3]. - The exhibition featured AR technology-based smart payment glasses, enabling users to make payments through visual recognition and voice commands, enhancing user interaction and security [3]. Group 3: Payment Evolution - The display illustrated the evolution of China UnionPay's payment methods, transitioning from traditional bank cards to digital solutions, reflecting a shift from "card-based" to "identity-based" payments [4]. - The integration of various payment methods, including card, code, and Pay, has been widely adopted across multiple sectors such as retail, healthcare, and government services [5]. Group 4: Global Payment Network - China UnionPay is actively building a global payment network to facilitate cross-border trade, enhancing payment convenience for international transactions [6]. - The company has established cross-border QR code interoperability projects in 19 countries, significantly lowering the technical barriers for small and medium enterprises to access international markets [6][7]. Group 5: Future Outlook - China UnionPay aims to deepen its integration with global trade through the promotion of a unified cross-border QR code gateway and continuous upgrades of B2B payment products [7]. - The company has extended its network to 183 countries, with over 74 million merchants supporting UnionPay payments, contributing to China's higher level of openness in international trade [7].

Core Insights - The 2025 China International Service Trade Fair (CIFTIS) showcased the growing popularity and application of digital renminbi, which has been featured for five consecutive years [1][2] - The People's Bank of China reported that as of July 2024, the digital renminbi app had opened 180 million personal wallets and facilitated transactions totaling 7.3 trillion yuan [1] - Digital renminbi is expanding its use cases beyond consumer payments to include enterprise procurement, payment settlements, internal risk control, and payroll [1][2] Group 1: Digital Renminbi Applications - Industrial and Commercial Bank of China (ICBC) demonstrated the use of digital renminbi in construction and cross-border trade, enhancing payment efficiency and security for workers [2] - The digital renminbi's programmability is aiding supply chain finance by addressing issues related to identity verification and credit guarantees for small and micro enterprises [2] - The Central Bank's report highlighted the establishment of replicable application models for digital renminbi across various sectors, including retail, healthcare, and green finance [2] Group 2: Cross-Border Financial Services - ICBC has expanded its global presence, with 413 overseas institutions in 69 countries, including 250 branches in 30 Belt and Road Initiative countries, facilitating 24/7 renminbi clearing services [3] - The use of digital renminbi in cross-border transactions is increasing, with financial institutions accelerating their global strategies to support Chinese enterprises going abroad [3] - China UnionPay is integrating AI into cross-border payment solutions, enhancing user experience and payment efficiency [4][5] Group 3: Regulatory Developments - The National Internet Information Office is drafting regulations to promote the use of electronic documents in trade and finance, encouraging the adoption of digital renminbi for cross-border payments [5] - The regulations aim to enhance the digitalization of business processes and improve industry efficiency [5]