[The Central Banks of China and Laos Renew Relevant Cooperation Documents] Jin10 News, June 8 – Recently, during the visit of Thongloun Sisoulith, General Secretary of the Lao People's Revolutionary Party and President of Laos, to China, and with the approval of the State Council, the People's Bank of China and the Bank of the Lao People's Democratic Republic renewed the "Bilateral Local Currency Swap Agreement between the People's Bank of China and the Bank of the Lao People's Democratic Republic for RMB/LAK." At the same time, the central banks of the two countries also renewed the "Memorandum of Understanding between the People's Bank of China and the Bank of the Lao People's Democratic Republic on Strengthening Cooperation in Financial Innovation, Digital Payments, and Central Bank Digital Currencies." The signing of these cooperation documents will help promote bilateral financial cooperation between China and Laos and deepen economic and trade relations between the two countries.