[central Bank and safe: raising the Digital level of Cross-border Capital settlement Business under Capital account] the people's Bank of China and the State Administration of Foreign Exchange jointly drafted the Circular on improving the Digital Service level of Banks in handling Cross-Border Capital settlement of Capital account (draft for soliciting opinions), to further raise the digital level of cross-border capital settlement under capital account and facilitate market entities to handle related business. The notice puts forward basic requirements for banks and market subjects respectively. The head office of the bank should establish a complete digital business management system, set up a system, and authorize branches to carry out business according to the actual situation. Market entities that use digital methods to handle business should have better compliance and credit status, and should also ensure that the submitted electronic documents are legal, true, complete and clear, and shall not tamper with or re-use electronic documents in violation of regulations.