On the afternoon of May 22, Dr. Xie Jun, CEO of Asia Pacific Investment Bank and Asia Digital Bank, held a special seminar in Beijing with renowned Chinese financier. Attendees included Dr. Wang Yongli, Co-Chairman of Digital China Group Co., Ltd. (General Manager of China International Futures Co.,Ltd., the first Board Director of SWIFT for Mainland of China, and former Vice President of the Bank of China), and Dr. Ma Yaxi, Deputy Secretary of the Party Committee of the State Administration of Foreign Exchange (former Vice President of Fudian Bank), along with other senior industry representatives. Both parties engaged in in-depth discussions on the development trends of digital currencies and strategic planning of digital banking.
The dialogue focused on the path for upgrade financial infrastructure in the digital economy era. The meeting particularly emphasized the urgent need to reconstruct the operational mechanisms of current cross-border payment and clearing systems through technological innovation. Especially under the new “dual circulation” development pattern, it is necessary to fully leverage the operational models of stablecoins and the advantages of distributed ledger technology to drive the digital transformation of traditional monetary systems. The rise of digital assets is driving new business models in the cross-border payment sector, with the development of fiat stablecoins becoming an industry trend that cannot be ignored.
Drawing on his experience in managing multinational banks, Dr. Wang Yongli remarked: “The optimization and upgrade of the RMB cross-border payment system must be deeply integrated with digital technologies. Asia Digital Bank’s technological expertise in the field of cross-border clearing and settlement can provide more efficient digital solutions for the ASEAN region.” From a regulatory perspective, Dr. Ma Yaxi pointed out that as digital banks innovate in cross-border financial services, it is essential to simultaneously build intelligent risk control systems to achieve a dynamic balance between technological innovation and compliance management.
In his concluding remarks, CEO Xie Jun stated: “In the face of global competition in digital currencies, Asia Digital Bank will continue to play a pivotal role as a hub for digital finance. By deepening strategic cooperation with leading domestic institutions, we aim not only to support the implementation of national financial strategies but also to inject innovative momentum into China-ASEAN regional economic integration.”