国泰海通：贸易政策目标推动跨境支付行业发展

Group 1 - The central bank and other departments are promoting the enhancement of the Cross-Border Interbank Payment System (CIPS) functionality and global network coverage, aiming to drive more banks to join CIPS [1] - The policy goals include optimizing processes, digital upgrades, financing support, and risk management to expand CIPS's service targets and improve its functionality, ultimately promoting the internationalization of the Renminbi [1] - The demand from export enterprises and the government for cross-border payment-related companies is increasing, providing better growth opportunities and stimulating industry innovation [1] Group 2 - The acceleration of the free trade zone enhancement strategy by the central government is expected to increase the proportion of Renminbi settlement, allowing the currency to play a significant role in trade and investment financing [2] - The demand for cross-border payment services is expected to rise due to the import and export trade within the free trade zones, prompting business upgrades in the industry to meet various settlement needs [2] Group 3 - The digital transformation and advanced technologies are facilitating the upgrade of the cross-border payment system, with a clear goal for the digitalization of cross-border trade [3] - Companies are actively exploring the application of blockchain, big data, and other cutting-edge technologies in cross-border payments to drive industry upgrades [3] - The interaction between government guidance and corporate innovation is likely to open new markets for the cross-border payment industry and support the comprehensive upgrade of the payment system [3]