Xinjiang’s Sole State-Backed Settlement Platform Forges Alliance with Overseas Chambers
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Silk Road Yun, the only state-owned cross-border settlement platform in Xinjiang, has entered into strategic agreements with five overseas Chinese business associations, aiming to knit together a more seamless financial infrastructure for trade with Central Asia, South Asia and Eastern Europe.
The platform, controlled by Kashgar Commerce and Logistics Group, offers compliant payment processing, multi-currency exchange, supply chain finance and integrated risk management. It serves as a designated financial artery for the Kashgar section of the China (Xinjiang) Pilot Free Trade Zone.
The counterparties include the Uzbekistan Jiangsu Chamber of Commerce, the Central Asia Guangdong General Chamber of Commerce, the Central Asia East China Chamber of Commerce, the Romanian Federation of Chinese Enterprises, and the Romanian Jiangsu Overseas Chinese Association. All maintain deep roots in their respective markets, with access to local trade networks and business channels.
Under the arrangement, the chambers will promote Silk Road Yun’s settlement services to their member firms and overseas partners. In return, the platform will provide dedicated support, faster settlement lanes and risk control measures. The stated goal is to lower transaction costs and speed up cross-border fund flows — two persistent pain points for small and medium-sized traders.
The partnership effectively bridges state-owned financial infrastructure with diaspora business networks, addressing what the parties describe as the "last mile" gap in cross-border services. No financial details or implementation timelines were disclosed.
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