Against the backdrop of a booming global digital economy and profound adjustments in international trade patterns, Shumaotong (China) has officially announced its establishment in Hong Kong. This marks a new phase for CDTT as it integrates the digital Renminbi eCNY into a global digital payment and trade ecosystem. As an international financial center, Hong Kong provides an ideal strategic foothold for CDTT’s globalization, thanks to its open market environment, robust financial system, and deep connections with the global economy.
The establishment of Shumaotong (China) in Hong Kong signifies the full implementation phase of CDTT’s global strategy. Leveraging Hong Kong as a crucial hub, CDTT will further promote the application of digital Renminbi eCNY in international markets, creating an efficient, secure, and low-cost digital payment system to assist in the digital upgrade of global trade and financial systems. This initiative will also accelerate the construction of a global trade ecosystem, optimize cross-border settlement processes, and enhance international trade efficiency, providing a more convenient payment experience for global enterprises and individual users.
Since its launch, China’s digital trade has experienced rapid growth, with transaction volumes surpassing 10 billion yuan and registered members exceeding 3 million, showcasing the vibrant energy of the digital economy. As a key support for the global digital trade payment system, CDTT will be widely applied in various scenarios such as cross-border e-commerce, supply chain finance, and international settlement due to its efficient, secure, and compliant characteristics. The establishment of Shumaotong (China) in Hong Kong aims to promote CDTT’s globalization, using Hong Kong as a hub to build an international and standardized digital payment network, further enhancing CDTT’s influence alongside the digital Renminbi eCNY in global markets.
To facilitate the internationalization of CDTT in conjunction with the digital Renminbi eCNY, Shumaotong (China) will conduct payment pilot projects across Southeast Asia, Europe, the Middle East, and other regions. These pilot projects will cover areas such as cross-border trade settlement, international supply chain payments, and digital asset transactions, collaborating with local financial institutions, cross-border e-commerce platforms, and commercial banks to establish a global digital payment infrastructure. Through these pilots, CDTT will continuously optimize payment processes, strengthen compliance systems, and explore broader application scenarios to ensure its global implementation and promotion.
With the acceleration of its globalization efforts, CDTT plans to officially launch an international digital exchange by 2025, further enhancing its market liquidity and trading convenience. The open circulation of the exchange will position CDTT as a global digital payment tool while providing international users with a more efficient and secure trading method. With widespread recognition in the global market, CDTT’s market value will be further unlocked, driving innovation and upgrades within the digital payment system.
As CDTT’s global payment system continues to improve, Shumaotong (China) will consolidate global transaction data through its Hong Kong office, forming a comprehensive data asset system. Based on data accumulation from the global market and the ongoing expansion of the payment ecosystem, Shumaotong (China) plans to use its Hong Kong office as the main entity to advance CDTT’s entry into the capital market and initiate an IPO plan. Through capitalization, CDTT will further expand its financial attributes globally and promote the deep integration of China’s digital payment system into the international financial system.
CDTT’s globalization strategy represents not only a significant upgrade for China’s digital payment system but also a crucial driving force in the global financial digital transformation. Shumaotong (China) will focus on Hong Kong to accelerate the internationalization of CDTT and digital Renminbi eCNY, constructing a global digital payment system driven by technological innovation and compliance development, providing more efficient and secure payment solutions for global trade. In the context of a booming digital economy, CDTT will continuously expand into global markets, aiding the digital upgrade of international trade and pushing the global financial system towards a new era of intelligence and digitization. Join hands with China’s digital trade and share the benefits of the new era of the digital economy!