SIASUN(SZ:300024) Tai Mei Ti A P P·2025-06-22 23:28Group 1 - The launch of the Cross-Border Payment Channel marks the connectivity between the Mainland and Hong Kong's rapid payment systems, allowing real-time cross-border remittances for residents [2][3] - As of June 22, the Northbound remittance transaction volume reached approximately 6,900 transactions, with an average transaction amount of about RMB 800, while the Southbound remittance transaction volume was around 19,000 transactions, averaging RMB 3,100 per transaction [2] - The Cross-Border Payment Channel aims to save time and costs for individuals transferring funds between the two regions, facilitating payments for tuition or remittances to friends and family [2] Group 2 - The daily limit for Hong Kong residents using the Cross-Border Payment Channel for Northbound remittances is HKD 10,000, with an annual limit of HKD 200,000, independent of the existing RMB limit [3] - The initial participating institutions include major banks from both the Mainland and Hong Kong, with plans to gradually expand the range of participating institutions [3] - The People's Bank of China emphasizes that the Cross-Border Payment Channel enhances the safety, efficiency, and convenience of payment services, supporting the integration of the Guangdong-Hong Kong-Macao Greater Bay Area [3]