On the eve of the opening of the 2026 Lujiazui (6.650, 0.15, 2.31%) Forum, a piece of eye-catching news came. Shanghai Cross-border Trade Digital Financial Services Co., Ltd. (hereinafter referred to as Shanghai Cross-border Digital Finance Company) was officially established in Shanghai on June 11.
This incident marks an important step in my country’s cross-border financial services field.
Shanghai Cross-Border Digital Finance Company has a registered capital of up to 500 million yuan. It was jointly established by Shanghai International Group Co., Ltd. and Shanghai Data Group Co., Ltd.
These two powerful enterprises work together to inject strong impetus into the company’s development.
With the support and guidance of the People’s Bank of China, Shanghai actively promotes the establishment of Shanghai cross-border digital financial companies.
The company will closely rely on the national financial infrastructure function of the Digital RMB International Operation Center and focus on my country’s import and export trade scenarios.
Its main goal is to promote the application of digital renminbi in cross-border payment settlement, investment and financing and other business scenarios, thereby helping to build an efficient, intelligent, compliant and interoperable digital renminbi cross-border trade service system.
The establishment of Shanghai Cross-border Digital Finance Company is of great significance in many aspects.
It will further consolidate the foundation of my country’s cross-border financial services and provide stronger support for enterprises to “go global” and jointly build the “Belt and Road”.
Under the current economic background of globalization, more and more companies hope to expand overseas markets, and the facilitation of cross-border payments and investment and financing is one of the key factors for companies to achieve international development.
The establishment of Shanghai Cross-border Digital Finance Company will effectively improve the facilitation level of cross-border payment and investment and financing, reduce the transaction costs of enterprises, and improve transaction efficiency.
Looking to the future, Shanghai will continue to leverage its comprehensive advantages.
Shanghai has a complete financial factor market, a collection of financial institutions and a concentration of financial talents.
On this basis, Shanghai will solidly complete the “five major articles” of finance and continuously improve the quality and efficiency of financial services to the real economy.
This will not only help promote the construction of Shanghai as an international financial center, but also inject new vitality into the high-quality development of our country’s economy.
With the continuous development of Shanghai Cross-border Digital Finance Company, we have reason to believe that it will play an increasingly important role in the field of cross-border financial services in my country and provide more solid financial protection for Chinese enterprises to go global.
