央行与香港金融管理局联合举办跨境支付通启动仪式

Core Viewpoint - The launch of the Cross-Border Payment System, a collaboration between the People's Bank of China and the Hong Kong Monetary Authority, aims to enhance cross-border payment efficiency and service levels between mainland China and Hong Kong, reinforcing Hong Kong's status as an international financial center [1]. Group 1 - The Cross-Border Payment System connects the mainland's online payment interbank clearing system with Hong Kong's Fast Payment System, facilitating efficient, convenient, and secure cross-border payment services for residents of both regions [1]. - The system is set to go live on June 22, 2025, marking a significant step in promoting cooperation between mainland China and Hong Kong [1]. - The initiative is part of the central government's support for Hong Kong's development and aims to facilitate economic and trade activities as well as the movement of people between the two regions [1]. Group 2 - The People's Bank of China plans to strengthen regulatory cooperation with the Hong Kong Monetary Authority to ensure the smooth operation of the Cross-Border Payment System [1]. - There will be ongoing collaboration with the operators of the two regions' fast payment systems and participating institutions to refine relevant institutional arrangements based on the system's operational status [1]. - The initiative is expected to contribute to the high-quality development of China's cross-border payment system and support a high level of opening up [1].