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Digital RMB Intl Operations Center Seals Deals with 26 Financial Institutions Including ICBC Asia, BOC HONG KONG
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At the 2026 China International Financial Exhibition opening today, the Digital RMB International Operations Center signed Direct Participant Service Agreements in Shanghai with the first batch of 26 financial institutions, including ICBC Asia and BOC HONG KONG (02388.HK). Participants can leverage the system capabilities of CBETS to provide customers with low-cost, diversified, secure and efficient cross-border digital payment services, facilitating cross-border trade, investment and financing liberalization, and high-level financial opening-up. Gu Xuan, Executive Director, Deputy Chief Executive and Alternate Chief Executive of ICBC (Asia), stated that the signing marks the bank’s early and deep integration into the top-level operational framework of the Digital RMB. It will further promote the scaled application of the Digital RMB in Hong Kong and the region, providing a practical example for global central bank digital currency cooperation. BOC HONG KONG also became the first offshore custodian bank for funds under “CBETS”, providing Digital RMB liquidity allocation services for settlement wallets of offshore direct participants. The bank successfully completed its first production verification transaction to support efficient and secure inter-institution Digital RMB remittances via the “CBETS” platform. Xing Guiwei, Deputy Chief Executive of BOC HONG KONG, said that as the first offshore custodian bank under “CBETS” to complete a production verification liquidity transfer and to facilitate Southeast Asian institutions’ access to the platform, the bank achieved a series of milestone breakthroughs. The successful implementation demonstrates the platform’s systemic advantages and strong replicability. The first batch of 26 institutions includes ICBC Asia, ICBC Macau, ICBC Singapore, ICBC Thailand, ICBC Vientiane, ICBC Doha, ABC Hong Kong Branch, ABC Dubai Branch, BOC HONG KONG, Bank of China Macau Branch, Bank of China Singapore Branch, Bank of China Thailand, CCB Asia, CCB Singapore Branch, Bank of Communications Hong Kong Branch, Bank of Communications Hong Kong Subsidiary, Bank of Communications Macau Branch, Bank of Communications Brazil Subsidiary, Standard Chartered China, Shanghai Pudong Development Bank Hong Kong Branch, Shanghai Pudong Development Bank Singapore Branch. After launch, the service will cover Hong Kong, Macau, Singapore, Laos, Thailand, the United Arab Emirates, Qatar and Brazil. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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