Ministry of Foreign Affairs of the People's Republic of China
Ministry of Foreign Affairs of the People's Republic of China
09/22/2025 | Press release | Archived content
Chinese Ambassador to the Maldives Kong Xianhua Attends Launch Ceremony of CNY Account Services at Bank of Maldives
On September 22, Ambassador Kong Xianhua attended the Launch Ceremony of CNY account services at the Bank of Maldives. Chairman Mr. Ahmed Ali Habeeb and CEO Mr. Mohamed Shareef of the Bank of Maldives, as well as Counselor Mr. Zhang Xu of the Chinese Embassy, were present.
The Bank of Maldives announced the official launch of CNY account services, along with the commencement of Trade including Inward and Outward Remittances to China in RMB. The bank also plans to issue UnionPay cards starting in 2026.
In his remarks, Ambassador Kong highlighted that the launch of CNY accounts at the Bank of Maldives is an important step to advance local currency settlement and a solid measure to support the implementation of the China-Maldives Free Trade Agreement. With more initiatives to be introduced, financial cooperation between China and the Maldives will achieve higher-quality development, further promoting deeper economic integration and shared prosperity between the two countries.
Ministry of Foreign Affairs of the People's Republic of China published this content on September 22, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on September 25, 2025 at 02:54 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]