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Empowering Chinese brands to set sail globally, LianLian Digi offers efficient cross-border payment solutions.
Gelonghui, April 23rd - As the global trade landscape continues to evolve, the importance of cross-border payments is becoming increasingly prominent. The interplay between tariffs and financial security is set to reshape the global trade and payment landscape. The accelerated internationalization of the RMB and the booming cross-border payment industry chain are bringing new opportunities for Chinese brands going global.
Recently, the People's Bank of China, the Financial Regulatory Administration, and others jointly issued the "Shanghai International Financial Center Action Plan to Further Enhance Cross-border Financial Service Convenience," proposing to enhance the functionality and global network coverage of the RMB Cross-border Payment System (CIPS), promote the inclusion of more banks in CIPS, and research the application of blockchain technology to provide secure and efficient settlement and clearing services for global trade denominated in RMB. This move is expected to further optimize China's cross-border financial service environment, provide stronger financial support for Chinese brands going global, and also bring broader development opportunities for cross-border payment service providers such as LianLian DigiTech.
Industry insiders point out that traditional cross-border payment methods have many pain points, such as cumbersome procedures, long remittance times, high exchange rate costs, and significant security risks, all of which hinder the pace of Chinese brands going global. Emerging cross-border payment solutions aim to address these pain points, providing Chinese brands with a better payment experience. For example, LianLian DigiTech (02598.HK) offers cross-border payment solutions that support cross-border collections in more than 130 currencies, helping sellers receive payments quickly and speeding up capital turnover, enabling them to operate and expand their business more efficiently. At the same time, efficient payment solutions effectively reduce the operating costs of enterprises, including exchange losses and transaction fees, thereby enhancing profitability. Convenient and secure payment experiences also improve buyer satisfaction and trust, strengthening the competitiveness of Chinese brands in the international market. Additionally, a robust risk control system effectively safeguards the funds of platforms and sellers, reducing transaction risks.