Chairman of Bank of Communications: Use technologies such as blockchain to achieve instant cross-border remittance

According to Sina Finance, Ren Deqi, Chairman of Bank of Communications, stated that the bank is deeply involved in the construction of the Shanghai Shipping and Trade Digital Platform. First, it promotes cross-border integration, providing e-commerce companies with safer, more efficient, and convenient "one-stop" financial services for cross-border settlement, financing, and foreign exchange risk management, centered around the needs of shipping and trade customers.

Second, it promotes digital empowerment, using blockchain technology and artificial intelligence to achieve instant crediting of cross-border remittances, focusing on solving the financing difficulties and high costs faced by small and micro enterprises. Third, it promotes ecological co-construction, forming an efficient and collaborative ecological support system.