Yes. If you swipe your card abroad, you will automatically enter the foreign currency settlement system. Depending on the type of card, it will first be converted into US dollars or euros, then converted into the local currency for settlement, and it will be converted again when repaying. China Minsheng Bank, referred to as CMBC, Minsheng Bank, is the first national commercial bank established by private capital in mainland China. It was established on January 12, 1996. Major shareholders include Liu Yonghao’s New Hope Group, Zhang Hongwei’s Eastern Group, Lu Zhiqiang’s China Oceanwide Holdings Group, China Shipowners Mutual Insurance Association represented by Wang Yugui, China Life Insurance Company, Shi Yuzhu, etc.