跨境支付通落地！内地与香港居民可线上实时转账

Core Points - The launch of the cross-border payment system between mainland China and Hong Kong marks a significant innovation in financial connectivity, allowing residents to easily conduct cross-border remittances and payments via mobile phones [1][2][3] - The system aims to enhance the efficiency and experience of cross-border payments, facilitating trade and personal transactions between the two regions, while promoting the use of the Renminbi in cross-border transactions [2][4] Group 1 - The cross-border payment system enables residents to make small remittances and pay for daily expenses instantly by simply entering the recipient's mobile number [3][5] - The People's Bank of China and the Hong Kong Monetary Authority have collaborated to establish this system, which is seen as a milestone in deepening financial cooperation between the two regions [2][7] - Initial participating institutions include major banks from both mainland China and Hong Kong, with plans to gradually expand the range of participating entities [4][5] Group 2 - The system significantly shortens the cross-border remittance process, improving efficiency and reducing costs by minimizing intermediaries [5][6] - It supports various financial services, including tuition payments, medical fees, and salary disbursements, enhancing convenience for residents [4][5] - The launch of the cross-border payment system is part of a broader trend of increasing financial market connectivity between mainland China and Hong Kong, which includes initiatives like Stock Connect and Bond Connect [7]