On January 22, 2026, under the guidance of the People’s Bank of China Sichuan Branch and Guang’an Branch, Bank of China Sichuan Branch (hereinafter referred to as “Bank of China Sichuan Branch”) successfully handled digital RMB cross-border settlement transactions for a group through the multilateral central bank digital currency bridge.
This transaction is of great significance. It is not only the first digital RMB cross-border settlement transaction in Guang’an Free Trade Zone, but also fills the gap in the field of digital RMB cross-border payment in Guang’an City.
The “Multilateral Central Bank Digital Currency Bridge” is a cross-border clearing platform based on central bank digital currency built by the Digital Currency Research Institute of the People’s Bank of China, the Bank for International Settlements (Hong Kong) Innovation Center, the Bank of Thailand (Bank of Thailand), the Central Bank of the United Arab Emirates and the Hong Kong Monetary Authority.
The project is committed to creating a high-efficiency, low-cost, highly scalable and regulatory-compliant cross-border payment solution with central bank digital currency as the core.
Explore the application of distributed ledger technology and central bank digital currencies in cross-border payments by covering different jurisdictions and currencies, thereby enabling faster, lower-cost and safer cross-border payments and settlements.
The efficient implementation of this cross-border payment business by the Sichuan Branch of Bank of China is a powerful synergy formed by the collaboration of multiple parties.
Under the overall guidance of the Sichuan Branch and Guang’an Branch of the People’s Bank of China, the Sichuan Branch of the Bank of China worked together to give full play to the advantages of the “Multilateral Central Bank Digital Currency Bridge” and successfully handled cross-border remittance business for the group.
In this process, the transaction does not require payment transfer, and the funds can be received in real time.
This not only greatly shortens the fund arrival cycle, but also directly saves financial costs for enterprises and effectively solves the pain points and difficulties of cross-border payments.
This breakthrough practice is a vivid practice of promoting the process of RMB internationalization and advancing the “five major articles” of finance in depth.
It uses the power of financial technology to open up a new channel for cross-border RMB trade settlement for local foreign-related enterprises to reduce costs and increase efficiency, providing strong support for the development of enterprises.
Looking forward to the future, Bank of China Sichuan Branch stated that it will continue to deepen the financial service needs of local foreign-related enterprises.
Next, the bank will further explore more digital RMB cross-border settlement scenarios and rely on financial technology empowerment to provide foreign-related companies with lower-cost and more efficient payment paths.
By expanding scenario applications point-by-point, we build a digital RMB application ecosystem, continue to build a better and more efficient cross-border financial bridge for local enterprises to “go global”, help more Chinese products go global, and promote the vigorous development of China’s foreign trade.
