The “2022 RCEP International Industries Cooperation Summit” was recently held in Qingdao, China. The summit focused on member countries’ joint cooperation in the science and technology industry; the discussion of new opportunity development; and the mutually beneficial and profitable measures.

Dr. Lai Heow Gran, President of APIB’s Investment Banking Division I, was invited to the summit and attended it online from Malaysia. At the summit, Dr. Gran explained the pain point of international cross-border payment and proposed various solutions.