PANews reported on November 8th, citing Sina Finance, that Ren Deqi, Chairman of Bank of Communications, stated that Bank of Communications is deeply involved in the construction of the Shanghai Shipping and Trade Digital Platform. Firstly, it promotes cross-industry integration, providing e-commerce companies with safer, more efficient, and convenient "one-stop" financial services such as cross-border settlement, financing, and foreign exchange risk management, tailored to the needs of shipping and trade clients. Secondly, it promotes digital empowerment, utilizing blockchain and artificial intelligence technologies to achieve instant cross-border remittances, effectively addressing the difficulties and high costs of financing for small and micro enterprises. Thirdly, it promotes ecosystem co-construction, forming an efficient and collaborative ecosystem support system.