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CNPC Completes First mBridge Transactions Between Macao-Hong Kong and Macao-UAE on June 1

2026-06-02 08:03:29

On June 1, China National Petroleum Corporation (CNPC) and Bank of China successfully completed the first multi-central bank digital currency bridge (mBridge) cross-border transaction between Macao and Hong Kong, as well as the inaugural mBridge transaction between Macao and the UAE, according to an official announcement. The transactions aim to enhance cross-border fund efficiency in the Guangdong-Hong Kong-Macao Greater Bay Area and create a new channel for direct renminbi flows into Middle Eastern markets.

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