Sou Hu Cai Jing·2025-06-23 13:48Industry Overview - Cross-border payments play a crucial role in connecting economies across different countries and regions, especially with the growth of the global digital economy [1] - The global cross-border payment transaction volume is projected to reach $194.6 trillion in 2024, maintaining steady growth compared to 2023, and is expected to grow at a CAGR of 6.4% to $320 trillion by 2032 [3] Recent Developments - The launch of the Cross-Border Payment Link on June 22 marks the interconnectivity between the mainland and Hong Kong's rapid payment systems [4] - This system allows residents to conduct real-time cross-border remittances in RMB and HKD using mobile numbers or bank accounts without the need for currency exchange, with most transactions currently exempt from fees [6] Potential Companies - Jida Zhengyuan: The company’s certified products are applicable for RMB cross-border payment settlements, supporting secure authentication for the CIPS system [8] - Sifang Jingchuang: Actively involved in the central bank's digital currency cross-border project, leading the development of CIPS blockchain underlying technology, with over 120 blockchain cross-border settlement technology patents [8] - Huafeng Superfiber: Its subsidiary provides cross-border payment system development and maintenance services to banks and licensed payment institutions, with significant growth in foreign card transaction volumes [8] - Xinyada: A supplier of underlying technology for the CIPS system, providing development, testing, and operation services for cross-border payment systems, with a 25% increase in cross-border payment module orders [8] Unique Opportunity - A specific company holds both "cross-border foreign currency payment license" and "cross-border RMB payment license," enabling it to facilitate two-way cross-border settlements for imports and exports [9] - This company serves 14 banks across different countries, with cross-border business revenue accounting for 31% of its total [10] - Recent shareholder numbers have significantly decreased, indicating a concentrated shareholding structure, with strong bullish signals in trading patterns suggesting an optimal entry point for investment [10]