大湾区内民生经济融合发展迎利好！一文读懂跨境支付通↓

Core Viewpoint - The launch of the Cross-Border Payment System between Mainland China and Hong Kong aims to facilitate convenient and cost-effective cross-border transactions for residents of both regions [1][12]. Group 1: Features and Advantages - The Cross-Border Payment System allows residents to make cross-border remittances easily by entering the recipient's mobile number or bank account, eliminating the need for additional account information [3][4]. - The system enables real-time fund transfers, addressing the delays associated with traditional cross-border payment methods [6][7]. - By connecting the financial infrastructures of Mainland China and Hong Kong directly, the system reduces the number of intermediaries involved, thereby lowering transaction costs [9][11]. Group 2: Economic Impact - The Cross-Border Payment System is expected to promote economic activities and personnel exchanges between Mainland China and Hong Kong, supporting the integration of the Greater Bay Area [10][12]. - It provides a secure and convenient payment option for residents, catering to increasing demands for services such as studying, tourism, and employment across the regions [12][16]. Group 3: Service Scope - The system supports small-value remittances without requiring the submission of business background information, making it accessible for individual residents [15]. - It facilitates various financial services, including tuition payments for studying abroad, medical payments, and salary disbursements, enhancing the quality of life for residents in both regions [14][16].