CAREC Institute and Xiamen National Accounting Institute Conclude Workshop on Cross-Border E-Commerce Payment and Risk Management

The CAREC Institute (CI) and the Xiamen National Accounting Institute (XNAI), successfully concluded its three-day online workshop on “Cross-Border E-Commerce Payment and Risk Management” on 21 February 2025. The workshop brought together over 80 participants, including government officials, industry experts, and digital governance professionals from CAREC member countries, to deepen their understanding of the application of innovative payment methods for cross-border e-commerce, enhance their knowledge of e-commerce regulations, and equip them with effective risk management techniques.

Mr. Charymuhammet Shallyyev, Director of CI, opened the workshop by highlighting the transformative potential of digital trade for regional economies. “By equipping stakeholders with practical tools and strategies, we aim to effectively manage risks and optimize payment systems in this dynamic landscape,” he remarked. Mr. Deng Jianping, Vice President of XNAI, in his opening remarks, expressed XNAI’s eagerness to foster multifaceted exchanges and collaborations in areas such as integrity and compliance, green finance, and fiscal and tax management.

Over three days, participants engaged with insights from leading experts. Dr. Ghulam Samad, Chief of Research at the CAREC Institute, analyzed regional e-commerce ecosystems, highlighting China’s move to payment interoperability and the QR code standardization in ASEAN. He recommended that governments implement interoperability policies and strengthen public-private partnerships. Dr. Asif Razzaq, Senior Researcher at CAREC, presented objective, key findings, and policy recommendations from studies on the Regional Digital Gap and Digital FDI Ecosystem, emphasizing the link between digital infrastructure gaps and e-commerce scalability.

The second day focused on practical applications. Ms. Chen Yina, Deputy General Manager at Bank of China’s Xiamen Branch, outlined strategies for cross-border sales through “Approach to China” initiatives, shared best practices for launching e-commerce stores, settlement flow for e-commerce and introduced the China’s payment regulations. On the final day, Dr. Jian Wei, XNAI’s Associate Professor, discussed the role of cryptocurrency, Central Bank Digital Currency (CBDC), and China’s e-CNY in global finance.

Concluding the workshop, Dr. Wang Zhixuan, Deputy Director of Research Center for the Belt and Road Financial and Economic Development, XNAI, praised the workshop as a catalyst for regional collaboration and a step forward in harmonizing digital trade frameworks and advancing shared prosperity.