Sign CEO Yan Xin published a full-page bylined article in a Chinese Ministry of Commerce publication: Digital Belt and Road Starts from Central Asia

BlockBeats News, December 11th. According to a report from the official newspaper of the Chinese Ministry of Commerce, on October 25th this year, Kyrgyzstan officially approved the start of the pilot construction of the Central Bank Digital Currency "Digital Som" system. The Chinese technology service provider Sign Company successfully undertook the project development task and actively participated in it.

Kyrgyzstan, as a key trade hub in Central Asia, is not only a must-pass location on the ancient Silk Road but also an important gateway connecting China with Central Asia and even to Europe. The two governments are committed to promoting the deep integration of the Kyrgyzstan financial system with the Cross-Border Interbank Payment System (CIPS) of the Renminbi, aiming to build a cross-border payment express lane that does not rely on third-party intermediaries, is secure, and is under independent control. This will provide the most solid financial foundation for the explosive growth of bilateral trade and economic cooperation.

For a long time, Chinese capital faced two major pain points when "going global": the difficulty of controlling the use of funds and the challenge of repatriating investment returns. Sign Company uses smart contract technology to establish a technology-trusted fund closed-loop mechanism, thoroughly solving the pain points in traditional cross-border payments such as opaque paths, long return cycles, and high freezing risks. This truly enables Chinese capital to securely "go out" and efficiently "come back in."

This cooperation is not only building a safer and more efficient fund channel than the traditional system for Sino-Kyrgyz economic and trade relations but also providing a replicable "Central Asia model" for the deep integration of the two countries in the digital economy era. This incremental exploration allows the world to truly feel that the digital road to shared prosperity is continuously extending under our feet, ultimately connecting a tighter and more inclusive global community of shared future for mankind.

The official newspaper of the Chinese Ministry of Commerce is sponsored by the Ministry of Commerce and hosted by the International Business Daily. It is an authoritative comprehensive daily newspaper focusing on the field of foreign economic and trade. It is responsible for conveying the country's foreign trade and economic policies, interpreting industry dynamics, building domestic and foreign trade exchange platforms, and is an important carrier for the Ministry of Commerce to release information to the outside world.