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ICBC Builds a "Digital Bridge" for China-ASEAN Finance

中国东盟博览会CAEXPO • 1 月前 • 54 次点击  

At the 21st China-ASEAN Expo (CAEXPO) last September, the "D-ICBC Digital Finance Experience Pavilion," created by the Industrial and Commercial Bank of China (ICBC), was bustling with activity. Attendees tapped screens to exchange a mere "one cent" in digital yuan for specialty ASEAN coffee.  This scene vividly encapsulates how ICBC utilizes CAEXPO as a platform to deepen its presence in the ASEAN market. As a financial mainstay participating for 21 consecutive years, ICBC is leveraging innovative technology to construct a "digital bridge" for financial connectivity between China and ASEAN.


Image: ICBC Exhibition Area at the 21st CAEXPO. Image source: Internet


ICBC made its debut at the inaugural CAEXPO in 2004, showcasing its robust international capabilities, including cross-border settlement, trade financing solutions, and project financing services for large-scale infrastructure projects. Since then, ICBC has consistently participated in CAEXPO. Its exhibits have evolved from initially focusing on traditional services like basic international settlement and trade finance to gradually encompassing broader, more cutting-edge fields such as digital finance, inclusive finance, green finance, cross-border finance, and fintech. The booth design has become increasingly modern and technology-driven, with significantly enhanced interactive experiences, upgrading from static graphics and text displays to dynamic scenario simulations and immersive experiences.


The establishment of the "D-ICBC Digital Finance Experience Pavilion" marked a significant breakthrough in ICBC's exhibition philosophy. Through various formats such as video presentations, posters, physical exhibits, and interactive experiences, the pavilion vividly showcased ICBC's "Top Ten Technology Systems," including "ICBC Internet of Things (loT) system " and "ICBC Big Data system ", as well as the convenient applications of the digital yuan (e-CNY) in various consumption scenarios, attracting large numbers of attendees to stop and experience it.


Image: ICBC's "D-ICBC" Digital Finance Experience Pavilion at the 20th CAEXPO. Image source: Internet


Furthermore, the CAEXPO platform has provided valuable opportunities for ICBC to strengthen cooperation with financial institutions and enterprises in ASEAN countries. For instance, at the 21st CAEXPO, ICBC Guangxi Branch collaborated with ICBC (Malaysia) Berhad (ICBC Malaysia) to jointly serve the ASEAN market, promoting the use of the renminbi (RMB) in the region and fostering innovation in cross-border financial services.


At the 21st CAEXPO, ICBC Malaysia showcased its unique role as a Chinese-funded bank in serving economic, trade, and financial exchanges between China and Malaysia. Image source: Internet


Currently, the construction of the CAFTA 3.0 is steadily advancing. 

 ICBC stated that it will continue to regard the China-ASEAN region as a crucial pivot in its internationalization strategy. Leveraging the CAEXPO platform, ICBC aims to provide efficient, convenient, and secure financial support for regional economic and trade activities, propelling financial cooperation between China and ASEAN countries to a higher level.

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