Shanghai Digital Finance Company Launches First Transaction on Global Trade Digital Service Platform

Shanghai Cross-Border Trade Digital Finance Service Co., Ltd. (Shanghai Digital Finance Company) held a launch event for its Global Trade Digital Service Platform version 1.0 and showcased its first business transaction recently in Changning District. The platform officially went live on September 12, with the Agricultural Bank of China Shanghai Branch and the China Construction Bank Shanghai Branch completing a demonstration of the business transaction process. The platform focuses on three main modules: enterprise onboarding, trade matching, and financing information matching, aiming to connect enterprise trade needs with banking service resources and explore the application of digital RMB in cross-border trade scenarios. At the event, the Agricultural Bank of China, China Construction Bank, Bank of Communications, Shanghai Pudong Development Bank Shanghai Branch, and Shanghai Digital Finance Company signed agreements with corresponding service enterprises. Shanghai Digital Finance Company was established on June 11, 2026, with a registered capital of 500 million RMB, jointly initiated by Shanghai International Group and Shanghai Data Group, relying on the financial infrastructure built and operated by the Digital Currency Research Institute of the People's Bank of China under the Digital RMB International Operation Center. The company stated that it will strengthen the connection between this platform and the "Digital Currency Cross-Border Settlement Comprehensive Service Platform (CBETS)."

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