The Zhitong Finance App learned that ICBC (Asia) successfully completed the first digital renminbi cross-border remittance in Hong Kong through the “CBETS” (“CBETS”, or “e-CNY Transfer Services”) cross-border settlement service platform to help corporate customers transfer digital yuan funds across borders from mainland China to ICBC (Asia) corporate accounts, and open up CBTS cross-border corporate settlement channels between mainland China and Hong Kong.

Gu Xuan, Executive Director, Deputy CEO and alternate CEO of ICBC (Asia), said that ICBC (Asia), as one of the first overseas banks to directly participate in CBTS, has successfully completed the first CBTS cross-border digital renminbi remittance in Hong Kong, marking that ICBC (Asia) provides an efficient and convenient new path for corporate capital to go overseas. This major strategic upgrade and key breakthrough fully demonstrates the central bank's core advantages in reducing cross-border settlement costs and improving the efficiency and transparency of capital turnover.

Gu Xuan pointed out that ICBC (Asia) will continue to rely on the Group's global network and efficient cross-border capital settlement advantages to contribute to the country's financial modernization drive and a high level of openness.

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