★跨境支付通明起上线 内地香港居民可实时跨境转账

Core Viewpoint - The launch of the "Cross-Border Payment Link" between the People's Bank of China and the Hong Kong Monetary Authority is a significant step in enhancing financial cooperation between mainland China and Hong Kong, aimed at improving the efficiency and convenience of cross-border payments [1][2]. Group 1: Overview of Cross-Border Payment Link - The Cross-Border Payment Link connects the mainland's online payment interbank clearing system with Hong Kong's Fast Payment System, allowing for efficient, convenient, and secure cross-border payment services for residents of both regions [1]. - The service is set to go live on June 22, enhancing the international financial center status of Hong Kong and promoting the use of the Renminbi in cross-border transactions [1][2]. Group 2: Operational Details - The Cross-Border Payment Link focuses on small-amount, convenient remittances, allowing residents to make cross-border transfers without submitting business background information [2]. - The service supports remittances for various purposes, including tuition payments, medical fees, and salary disbursements, with participating institutions determining transaction limits based on risk management [2][3]. Group 3: Efficiency and Cost Reduction - Compared to traditional cross-border remittance methods, the new system significantly shortens the remittance chain, improves efficiency, and reduces costs by minimizing intermediaries [3]. - The system allows for real-time transactions for certain amounts under the current account, enhancing the overall user experience for residents [3]. Group 4: Compliance and Risk Management - Participating institutions must adhere to regulations regarding cross-border fund settlements and implement anti-money laundering and counter-terrorism financing measures to mitigate potential risks [3]. - A risk monitoring mechanism will be established to ensure the smooth operation of the Cross-Border Payment Link and to monitor suspicious transactions [3].