News Snapshot:
Reuters, Hong Kong, September 20-ICBC (Asia), a branch of Industrial and Commercial Bank of China in Hong Kong, said on Monday that it has recently completed the first blockchain cross-border RMB letter of credit transaction to pay for imported iron ore. ICBC (Asia) stated in a statement that in this transaction, the bank, through the financial technology company CONTOUR, assisted the bulk commodity trading platform-Jidong Development (Hong Kong) International Co., Ltd. to directly open a large upstream mining company in a foreign country. The digital renminbi letter of credit, which is used to pay for imported iron ore, fully meets...
