China's first digital yuan mortgage issued for Macao New Neighborhood
On June 6th, the branch of Bank of China in the Guangdong-Macao In-Depth Cooperation Zone in Hengqin (thereafter referred to as "Hengqin BOC") issued a digital yuan mortgage loan to a Macao resident purchasing a residence in the "Macao New Neighborhood" in Hengqin. The payment was transferred to the corporate digital currency wallet of a developer. Hengqin witnessed the first digital yuan housing mortgage lending business in China involving "Macao residents and Macao-funded enterprises".
A representative from Macao New Neighborhood Company stated that the developer received the digital yuan mortgage immediately in their company's digital currency wallet as soon as the bank disbursed the funds. The entire transaction process was fast and secure.
"Macao New Neighborhood" stands as the first large-scale comprehensive project jointly built by Guangdong and Macao to improve the livelihood of Macao residents. Moving forward, Hengqin BOC will continue to cooperate with businesses in the neighborhood both online and offline to establish a digital yuan application demonstration zone in the "Macao New Neighborhood" project.
The digital yuan not only meets the public's demand for digital currency and enhanced payment convenience but also effectively prevents financial risks. In the future, Hengqin BOC will take advantage of the stable, convenient, safe, and efficient ways of payment of the digital yuan. It will continuously explore the distinctive businesses and application needs of the digital yuan.
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