【首席观察】当“秒级汇款”成为现实，跨境支付的裂变时刻

Group 1: Cross-Border Payment Innovations - The launch of the "Cross-Border Payment Link" allows real-time RMB transfers from Shenzhen to Hong Kong, significantly improving the efficiency of cross-border remittances [2][6] - As of June 26, 2025, the "Cross-Border Payment Link" has facilitated 2,506 transactions in Fujian Province, amounting to 8.34 million RMB, demonstrating its practical utility for residents [6] - The service simplifies the remittance process, requiring only a phone number and name, thus eliminating traditional complexities such as currency exchange and waiting times [6][7] Group 2: Hong Kong's Digital Asset Development - The Hong Kong government released the "Hong Kong Digital Asset Development Policy Declaration 2.0," marking a shift towards a comprehensive regulatory framework for digital assets [3] - The declaration emphasizes the integration of blockchain technology to enhance financial transactions, aiming to create a more inclusive financial ecosystem [3] - Hong Kong's regulatory advantages position it as a leader in transitioning traditional finance into the digital asset era, fostering a sustainable digital asset ecosystem [3] Group 3: Digital Currency Features and Infrastructure - Digital RMB is characterized by features such as programmability, controllable anonymity, and integration with traditional banking systems, which are essential for its future internationalization [8] - The underlying infrastructure of the "Cross-Border Payment Link" is designed to meet compliance requirements, including anti-money laundering and anti-terrorism financing, thereby establishing a reliable framework for digital RMB trials [9] - The digital RMB's cross-border capabilities are still in early pilot stages, primarily utilizing platforms like mBridge, indicating a need for further development to achieve global circulation [5][8] Group 4: Competitive Landscape and Challenges - The competition between sovereign currencies like digital RMB and market-driven stablecoins, such as USDT, highlights the challenges in achieving efficiency and cost-effectiveness in cross-border payments [13] - Hong Kong serves as a testing ground for the integration of digital RMB into the global digital asset ecosystem, with the potential to bridge traditional finance and digital assets [14] - The future of digital RMB's internationalization is likened to a marathon, suggesting a long-term strategy rather than a quick rollout [15]