The Myanmar delegation, led by Central Bank of Myanmar Governor Daw Than Than Swe, attended the Digital Yuan-related meetings, including the digital banking, cybersecurity, and cloud services conferences, as well as the digital finance high-ranking officials’ meeting and the Huawei digital finance 2025 conference held in China from 15 to 19 September.
The meetings discussed the foreign exchange management and regulatory policies of the People’s Bank of China, clarifications on cross-border payments involving China’s currency, the renminbi (RMB), at the international level, plans to implement the Chinese yuan in digital currency form under the leadership of the People’s Bank of China to meet the public’s demand for secure and reliable digital money in line with the development of the digital economy and challenges arising from the use of cryptocurrencies such as Bitcoin, including weakness in reliability in currency and fluctuations in exchange rates.
The Bank of China (BOC) and the Industrial and Commercial Bank of China (ICBC) discussed regarding their provision of financial services in China’s banking sector, including retail banking, corporate banking, financial market services, and international banking services, China’s Cross-border Interbank Payment System (CIPS), emphasizing the participation of Myanmar banks in CIPS could enhance banking and financial services between the two countries and facilitate trade, investment, and cross-border payment transactions.
The delegation also attended the digital finance senior officials’ meeting of Huawei company that mainly provides IT Solution products and IT Infrastructure services to Myanmar’s banking sector, held in Shenzhen and Shanghai and the discussions focused on the application of Artificial Intelligence (AI) technology in various sectors, including government, finance, telecommunications, transportation, energy and electricity, healthcare, and public services.

The attendees discussed AI technology applications in the banking sector in customer service provision, risk management processes such as credit assessment, fraud prevention, and transaction monitoring, the necessity of AI adoption in Myanmar’s banking sector, the control processes for the reduction of risks associated with cloud computing utilization in banking operations, inspections on products of Huawei at Huawei’s Global Cyber Security Transparency Centre by the world organizations, best practices for third party testing and Internet of Things (IoT) system implementation.
The delegates exchange views and experiences on the use of AI in smart banking and digital banking in China through the collaboration of BOC, ICBC and Huawei.

MNA/KTZH

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