Source: People's Daily - Ningxia Channel People's Daily Online Yinchuan, July 1 (Liu Feng, Yan Mengjie) On July 1, Bank of China Ningxia Branch and UnionPay Business Ningxia Branch signed a digital renminbi cooperation agreement. The scene of the signing ceremony.

Source: People's Daily Online - Ningxia Channel

People's Daily Online Yinchuan, July 1 (Liu Feng, Yan Mengjie) On July 1, Bank of China Ningxia Branch and UnionPay Business Ningxia Branch signed an digital renminbi cooperation agreement.

signing ceremony. Photo courtesy of Bank of China Ningxia Branch

Xiao Da, Secretary of the Party Committee and President of Bank of China Ningxia Branch, said that the cooperation between Bank of China Ningxia Branch and UnionPay Business Ningxia Branch is a major event for both parties to work together to create a new situation in cooperation and jointly promote the digital renminbi pilot project. "Expansion" is a happy event and a great thing to fully promote the integrated development of digital economy and the real economy. Digital RMB is a future-oriented construction of a major national financial infrastructure, and is an important national strategy related to the national economy and people's livelihood. Bank of China Ningxia Branch will give full play to the advantages of a large state-owned bank, coordinate internal resources, and continuously strengthen product innovation, service innovation, and joint innovation , to provide momentum for the promotion of digital renminbi.

Zhang Yan, general manager of UnionPay Business Ningxia Branch, introduced the development of UnionPay Business digital renminbi business, affirmed the phased development results of Bank of China digital renminbi, and hoped that this signing can become a new starting point for future cooperation between the two parties. Cooperation in other business fields such as mobile payment, government payment, industry supervision, transportation, smart medical care, smart tourism , big data, cloud platform, acquiring service outsourcing and other business areas continues to deepen and expand the space for cooperation.

It is understood that the two parties will take the signing of this cooperation agreement as an opportunity to work together to carry out all-round and in-depth strategic cooperation in joint marketing, scene construction, intelligent applications, and service innovation around digital renminbi, and jointly build a digital renminbi ecosystem in Ningxia system, and contribute new strength to jointly building a new dual-cycle development pattern.