深圳打造全域支付示范区

Core Insights - The launch of the Cross-Border Payment Platform on June 22 is a significant advancement in providing secure, efficient, and convenient payment services for economic activities and personnel exchanges between Shenzhen and Hong Kong [1][2] - This initiative enhances the convenience of using the Renminbi in cross-border retail scenarios, further promoting the internationalization of the currency [1] - The platform represents a key technological breakthrough in cross-border payments, enabling real-time fund settlement through direct system connections and standardized interfaces [1] Group 1 - The Cross-Border Payment Platform reduces operational barriers and transaction costs by relying on existing payment clearing systems without the need for separate accounts or third-party institutions, which is expected to increase user frequency and engagement [1] - The platform serves as a foundational infrastructure for the collaborative flow of Renminbi and Hong Kong Dollar, enhancing mutual recognition and usage in retail payment scenarios [2] - Historical efforts by the People's Bank of China Shenzhen Branch in promoting cross-border financial cooperation date back to 1998, with various initiatives aimed at enhancing payment connectivity between Shenzhen and Hong Kong [2] Group 2 - In 2024, the total cross-border receipts and payments between Shenzhen and Hong Kong reached 6.178 million transactions, amounting to 95.367 billion USD, facilitating real-time clearing of funds in USD, HKD, and RMB [2] - Shenzhen has been actively innovating in cross-border payment solutions, establishing itself as a model for comprehensive payment systems, including initiatives like cross-border proxy witness account opening and innovative payment methods [2]