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2025-09-13 20:04:14
The Cyberspace Administration of China, together with relevant departments, has drafted the "Regulations on Promoting and Standardizing the Application of Electronic Documents (Draft for Comments)" in accordance with relevant laws and regulations to promote and standardize the promotion and application of electronic documents, improve the level of digitalization of goods trade and transportation, reduce logistics costs across society, protect the legitimate rights and interests of parties involved in electronic document activities, and safeguard national security and social public interests. It has also solicited public opinions. It mentions that institutions and enterprises in the fields of goods trade, logistics, finance, etc. are encouraged to recognize and use electronic documents when conducting business to improve the level of digitalization of business applications and promote quality and efficiency of the industry. It also encourages financial institutions to explore the use of new payment methods such as digital RMB to carry out cross-border payments based on the characteristics of electronic documents, on the premise of compliance with the law and controllable risks, and actively and steadily carry out innovation in financial products and service models.
