Recently, Bank of China organized a cross-border RMB settlement and investment promotion event in Panama, launching the eighth stop of its 2025 global RMB internationalization roadshow. Nearly 100 guests attended the event, including representatives from the Chinese Embassy in Panama, Panama's banking regulatory authority, major local banks, and commercial enterprises from Panama and neighboring countries.

As an important regional financial center in Latin America, Panama possesses unique advantages in promoting RMB usage. Focusing on cross-border RMB settlement and investment, this promotional event aimed to share market opportunities and advance RMB application in China-Panama economic and trade exchanges as well as throughout the Latin American region. The event also incorporated the latest market developments, introducing application scenarios for cross-border RMB investment, financing, and payment settlement, analyzing RMB exchange rate trends and hedging instruments, and sharing the latest progress in RMB internationalization trends and financing products.

Bank of China established a representative office in Panama in 1987 and formally founded its Panama branch in 1994. It is currently the only Chinese bank holding a full-function commercial banking license issued by Panama's banking regulatory authority. Having cultivated the Panamanian market for over thirty years, Bank of China has made positive contributions in supporting local economic development, fulfilling social responsibilities, and serving Chinese enterprises, and has developed into an important hub for regional RMB business.

Bank of China will continue to leverage its global advantages, optimize cross-border RMB services, and actively expand RMB applications in trade financing, cross-border settlement, and exchange rate hedging, injecting more financial momentum into promoting China-Latin America economic and trade cooperation.