跨境支付通”正式上线，稳定币应用场景持续拓展

Industry Insights - The People's Bank of China and the Hong Kong Monetary Authority have launched the "Cross-Border Payment Link," which connects the mainland online payment interbank clearing system with Hong Kong's "Faster Payment System," officially going live on June 22 [1] - The system allows residents from both regions to conveniently conduct real-time cross-border remittances in Renminbi and Hong Kong dollars via mobile numbers or bank accounts, covering scenarios such as salary payments and tuition fees [1] - The introduction of the "Cross-Border Payment Link" opens new avenues for the compliant application of stablecoins, potentially serving as a technical template for regulated stablecoin cross-border circulation [1] - The policy direction is expected to support the cross-border payment industry in unlocking new growth opportunities, enhancing the functions and scope of CIPS, and promoting high-level opening-up through free trade zone pilot projects [1] - The global perspective indicates that the compliance process of stablecoins is likely to drive the restructuring of the global payment system, with stablecoin payments offering significant advantages in cost and efficiency compared to traditional cross-border payment methods [1] Company Developments - Zhongyi Technology announced on June 9, 2023, that it is involved in the IT infrastructure construction for clients' digital currency systems and provides operational maintenance services for the related IT infrastructure [2] - Sanwei Xinan is leading the formulation of the "GM/T 0111-2021 Blockchain Cryptography Application Technical Requirements," leveraging its accumulated expertise in blockchain technology, with related products already applied in digital currency operations [2] - The company emphasizes the importance of blockchain technology in ensuring the security and credibility of transactions in digital currency, committing to ongoing research and implementation of blockchain and digital currency technologies to promote financial innovation and safeguard data privacy and security [2]