Bank of Communications International Hong Hao: RMB appreciation in the era of CBDCs will benefit from improved cross-border trade and investment processes.

According to CBN News, Managing Director and Research Director of the International Bank for International Communications, Hong Hao, said in today's article that at this point most of the digital yuan is based on payments. in store and we can't expect any improvement. In short, the internationalization of the renminbi is a leap forward. However, this point-to-point path of change as digital advantages has great potential in cross-border payments and can improve efficiency, cost-effectiveness and efficiency. Taking care of cross-border payments, with a balanced platform. In many areas, making the forex market times easier to achieve. In the age of digital banking, the RMB's export capacity will support the global RMB exchange rate by streamlining cross-border trade and processes.