Guangdong Huaxing Bank merges blockchain technology to improve the efficiency of RMB cross-border liquidation

According to the China Financial News Network, in the context of the continuous advancement of cross-border RMB business in Dawan District, Guangdong Huaxing Bank will provide a CIPS cross-border RMB blockchain clearing service and integrate technology financial blockchain technology to ensure the open trading path. Transparent and non-tamperable; shortening the cross-border RMB clearing path, the clearing service time is extended from 8 hours to 11 hours, and the efficiency of RMB cross-border clearing is greatly enhanced.