A global fintech company IBS, whose full name is International Business Settlement Holdings Limited (Hong Kong Stock Exchange stock code: 00147.HK), is committed to becoming the world's leading fintech company. The rapid development of global fintech has brought major changes and development opportunities to the global financial industry. IBS seizes the opportunity to deploy a next-generation global settlement network based on distributed networks, blockchain and other technologies. It provides a fast, efficient, and low-cost financial highway between countries through connections with central banks in real-time clearing systems. Based on unique blockchain regional clearing ring technology, IBS has built a multi-currency, international and distributed global clearing platform. The platform is not only a platform for regional centers (sovereign countries) to co-govern and manage, but also a platform shared by many participants (pan-financial institutions). It aims to achieve peer-to-peer, “7X24” (that is, 24 hours a day, 7 days a week), multi-currency, real-time fund settlement for global cross-border trading enterprises and individuals. Facing the global market, particularly countries along the Belt and Road, IBS focuses on deploying a global financial clearing and settlement network, building strategic core financial infrastructure on the Belt and Road, and implementing the next generation of global clearing and settlement standards. The aim is to achieve interconnection of regional clearing rings in Europe, Central Asia, South Asia, the Middle East, Africa and other regions through a system interface with central banks and commercial banks of countries along the Belt and Road, carrying real-time multi-currency settlement between China and the world, regional countries, and between regions and the world. Countries related to the Belt and Road have a total population of about 4.4 billion and a total economy of about 21 trillion US dollars, covering 64% of the world's population and 30% of GDP. Compared with traditional high-cost and inefficient clearing paths, IBS has developed rapidly in the vast Belt and Road market with its next-generation clearing network, reconstructing the global settlement market pattern.
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