According to news on June 11, 2026, recently, 11 banks in Macau, China have successfully connected to the multilateral central bank digital currency bridge. The Shanghai Branch of the Bank of Communications successfully handled a 500 million yuan currency bridge cross-border RMB remittance from Shanghai to Macau for a financial leasing company, becoming the first bank in Shanghai to implement this innovative business. This move marks a new breakthrough in the cross-border circulation of Shanghai-Macau digital RMB.
Traditional cross-border payments generally have problems such as cumbersome procedures, high fees, slow arrival times, and opaque capital flows. These problems have seriously restricted regional cross-border economic and trade exchanges.
The Multilateral Central Bank Digital Currency Bridge relies on blockchain technology to create a new cross-border financial infrastructure, which effectively solves the pain points of traditional cross-border payments such as multiple links, high costs, low efficiency, and insufficient transparency.
The launch of the first business in Shanghai and Macao has successfully opened up a new channel for cross-border two-way circulation of digital renminbi between the two places.
With the technological advantages of the digital currency bridge, the efficiency of cross-border fund settlement between Shanghai and Macao has been greatly improved, which has effectively promoted the deepening of commercial exchanges and economic and trade cooperation between Shanghai and Macao, and injected strong digital financial vitality into the coordinated development of the region.
Based on the forefront of Shanghai’s international financial center construction, Bank of Communications Shanghai Branch has long been deeply involved in the field of digital financial innovation.
The branch continues to upgrade cross-border digital payment channels, build a full-chain digital RMB service system, and continuously increase scene innovation.
Relying on the multilateral central bank digital currency bridge platform, the branch has launched a number of pioneering and iconic financial businesses.
After institutions in Macao accessed the Currency Bridge, the branch quickly sorted out and connected customers with trade transactions between the two places, proactively expanded the cross-border remittance paths for enterprises, and made every effort to ensure the efficient flow of cross-border funds.
The successful handling of the first Shanghai-Macao currency bridge cross-border RMB remittance business is not only another important achievement of the Bank of Communications Shanghai Branch in the field of digital finance, but also a major breakthrough in the financial cooperation between Shanghai and Macao.
It demonstrates the huge potential of digital currency in cross-border payments and provides new ideas and models for the development of future cross-border financial services.
In the future, Bank of Communications Shanghai Branch will continue to innovate the application scenarios of the multilateral central bank digital currency bridge, promote the large-scale implementation of business, and continuously optimize cross-border financial services.
The branch will provide efficient and low-cost digital cross-border capital settlement services for cross-border enterprises, and fully empower the steady development of cross-border trade, investment and financing businesses.
At the same time, the branch will continue to serve the construction of Shanghai as an international financial center with financial technology innovation and promote the high-quality development of RMB internationalization.
With the continuous development of digital finance, I believe that the financial cooperation between Shanghai and Macao will become closer, bringing more opportunities and vitality to the economic development of the two places.
