Coin World News reports that, according to People's Daily, the Xiong'an branch of China CITIC Bank has successfully implemented the industry's first fully online digital RMB government procurement loan ("Digital Currency Government Procurement E-Loan"). This service utilizes the security of blockchain and the traceability of digital RMB, combined with an internally mature risk control system, to achieve a rapid approval of loan amounts and a fully online lending process after verifying the background of government procurement transactions. This model effectively connects the buyer, supplier, and bank, promoting information sharing and credit transmission. It not only provides suppliers with a convenient and efficient financing channel but also strengthens the payment security of fiscal funds and the supervision of contract performance, opening up new pathways for credit financing in the government procurement sector.