The Cyberspace Administration of China has released a draft of the "Regulations on Promoting and Standardizing the Application of Electronic Documents" for public comment. The draft aims to enhance the digitalization of trade and logistics, reduce societal logistics costs, and protect the rights of parties involved in electronic document activities. It encourages financial institutions to explore new payment methods, including the use of digital RMB for cross-border transactions, while ensuring compliance with laws and managing risks. The initiative seeks to improve the quality and efficiency of business applications in sectors such as trade, logistics, and finance.