my country completed its first cross-border digital RMB settlement of international crude oil, purchasing 1 million barrels of crude oil

News from this site on October 27, according to the Shanghai Securities News, China Petroleum International Co., Ltd. today used digital renminbi to settle transactions on October 19 for the first time through the digital wallet opened by the Shanghai Petroleum and Natural Gas Trading Center at the Bank of Communications. A cargo of crude oil purchased by the central platform.

This site learned from the Shanghai Oil and Gas Trading Center that previously, the Shanghai Municipal Party Committee and Municipal Government issued an order on "Shanghai's Active Participation in the Application of Digital RMB International Trade" According to the work requirements, the Shanghai Oil and Gas Trading Center responded to the call and actively promoted the embedding of digital renminbi in cross-border renminbi payments when expanding international oil and gas trade transactions.

On October 19, PetroChina International Co., Ltd. reached the first international crude oil cross-border RMB settlement transaction on the Shanghai Oil and Gas Trading Center platform,

purchased a ship of 1 million barrels of crude oil , the transaction was officially completed today.

Wang Zhiqiang, Director of the Energy Department of the Shanghai Municipal Development and Reform Commission, said that the trading center has actively expanded cross-border oil and gas transactions and tried to use digital renminbi payment for the first time to facilitate both parties to the transaction to quickly track the flow of funds.

For international oil and gas Resources entering our country provide a fast and safe transaction and payment channel, which is conducive to the construction of Shanghai International Oil and Gas Trading Center.

This site noticed that not only Shanghai, but also Shenzhen also mentioned the cross-border use of digital renminbi in the "Shenzhen City Optimizing International Business Environment Work Plan (2023-2025)" released in August this year content. Shenzhen stated that it will promote the facilitation of domestic use of cross-border RMB income from capital projects, carry out innovative applications such as digital currency research and mobile payments, and promote international cooperation and cross-border use of digital RMB.

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