my country’s exploration of the application of RMB settlement in the field of international oil and gas trade has gone a step further. According to news released by the Shanghai Oil and Gas Trading Center, the first domestic cross-border digital RMB transaction of crude oil reached by China Petroleum International Co., Ltd. through the trading center completed settlement on the 27th.
It is reported that this transaction was a digital wallet opened by China Petroleum International Co., Ltd. at the Bank of Communications through the trading center. It was the first time that digital renminbi was used to settle a cargo of crude oil previously purchased on the trading center platform. It not only expanded the application of digital renminbi This scene is also the first time that my country has embedded digital RMB in cross-border RMB settlement of oil and gas trade.
Tu Hong, Business Director of Bank of Communications and President of Shanghai Branch, said that using digital RMB for cross-border settlement can reduce reliance on existing international payment networks, ensure the security of cross-border payments, reduce payment costs, and improve cross-border settlement. Settlement efficiency and improved transaction transparency will help strengthen digital currency cooperation among central banks of various countries and accelerate the internationalization of the RMB. In the future, Bank of Communications will rely on its strong domestic and overseas networks and existing digital renminbi infrastructure to actively promote the construction of a digital renminbi global payment and settlement center.
Fu Shaohua, general manager of Shanghai Oil and Gas Trading Center, said that the attempt to embed digital renminbi in cross-border renminbi payments in international oil and gas trade is to better meet the diversified transaction needs of domestic and foreign market participants and further open up the entry of international resources. Chinese market channels. In the future, the trading center will continue to deepen its cooperation with the RMB Cross-border Payment System (CIPS), Shanghai Clearing House and relevant domestic and foreign banks to assist the construction of Shanghai's international oil and gas trading and pricing center.
微信扫一扫打赏
