The Delegation of Urumqi Branch of HBL of Pakistan Visited the Xinjiang Digital Economy Headquarter of IBI to Explore New Opportunities for Cross-Border Industry-Financing

On February 8, representatives of Urumqi Branch of HBL of Pakistan visited the Xinjiang Digital Economy Headquarter of IBI, and the two sides conducted in-depth discussions and exchanges on topics such as the exchange of new cross-border settlement channels and the layout of domestic and foreign cooperation along the "Belt and Road". The exchange aims to further promote the cooperation between the two parties in the field of industry-finance and digital economy, and jointly explore new opportunities for cross-border business.

At the symposium, Lin Xiangru, President of the Urumqi Branch of HBL of Pakistan, introduced in detail the bank's experience and advantages in cross-border industry-finance services, especially in supporting the construction of the China-Pakistan Economic Corridor and promoting the internationalization of the RMB. As the largest bank in Pakistan, HBL has always attached great importance to the Chinese market, deeply participated in cross-border industry-finance cooperation, and is committed to providing efficient and convenient cross-border settlement services for Chinese and foreign enterprises.

Li Qing, General Manager of Xinjiang Digital Economy Headquarter of IBI, and other leaders extended a warm welcome to the arrival of HBL and its delegation, and introduced the innovative practice and development plan of IBI in the field of digital economy. As a leading enterprise in China's industrial Internet field, IBI has achieved remarkable achievements in promoting the digital transformation of industries and expanding cross-border business. The establishment of its Xinjiang Digital Economy Headquarter has injected new vitality into the development of the digital economy in Xinjiang and even Central Asia.

The two sides conducted in-depth discussions on the construction of a new channel for cross-border settlement. Zhang Wei, CEO of CNAUTO platform of IBI, said that in the context of global economic integration and the in-depth implementation of the "Belt and Road" initiative, the convenience and efficiency of cross-border settlement have become a key factor affecting the international competitiveness of enterprises. HBL and IBI will work together to explore new models and channels for cross-border settlement, which will effectively reduce the cross-border transaction costs of enterprises, improve the efficiency of capital use, and further promote trade facilitation.

At the same time, the two sides also reached a broad consensus on domestic and foreign cooperation along the "Belt and Road". Wei Lifeng, CTO of the new cross-border channel of IBI, emphasized that the Urumqi branch of HBL, as a bridge connecting China and Pakistan industry-finance, will play an irreplaceable role in the construction of the China-Pakistan Economic Corridor. Relying on its strong digital economy platform, IBI actively expands cross-border business and promotes cross-border operation of industrial belts. The two sides will give full play to their respective advantages, strengthen information sharing, resource integration and business collaboration, and jointly tap the market potential of countries and regions along the "Belt and Road".

This discussion and exchange not only deepened the understanding of each other's business fields, but also laid a solid foundation for future cooperation. The two sides said that they will take this exchange as an opportunity to further strengthen communication and cooperation, jointly promote the integrated development of cross-border industry-finance and digital economy, and contribute more wisdom and strength to the construction of the "Belt and Road".

Yang Ben, Risk Manager of Urumqi Branch of HBL of Pakistan, Wang Liang of Trade Finance Department, and Zhang Wei, Key Account Manager, also participated in the exchange and witnessed a new chapter in the cooperation between the two sides.