As the curtain fell on this year's China International Import Expo (CIIE), the Bank of Communications (BoCom) emerged as a key player in boosting global trade connections. For the seventh year running, the Shanghai-based bank acted as a \"financial bridge\", leveraging blockchain and digital currency tools to simplify cross-border transactions for exhibitors worldwide. 🌍
Tech Meets Trade
BoCom's innovations supported businesses from Belt and Road partner countries, streamlining payments and reducing red tape. Tu Hong, the bank's interbank business chief, emphasized their focus on \"breaking down barriers\" through fintech solutions – think faster settlements and secure smart contracts. 💡
Why It Matters
With over 3,500 exhibitors at the CIIE, BoCom's role highlights how financial institutions are evolving into global connectors. Young entrepreneurs and investors take note: digital tools are reshaping how trade happens across Asia and beyond. 🚀
Reference(s):
Bank of Communications boosts support for global exhibitors at CIIE
cgtn.com