央行：跨境支付通即将上线运行

Core Viewpoint - The launch of the Cross-Border Payment Link between mainland China and Hong Kong aims to enhance the efficiency and experience of cross-border payments, facilitating economic cooperation and personnel exchanges between the two regions, while promoting the use of the Renminbi internationally [1][2][4]. Group 1: Payment System Overview - The Cross-Border Payment Link will officially launch on June 22, providing a more convenient payment experience and improving the efficiency of cross-border payments between mainland China and Hong Kong [2]. - The system allows residents to make small remittances easily by simply entering the recipient's mobile number, thus breaking the barriers of time and location [1][3]. - It supports cross-border remittances under the current account, allowing residents to transfer funds without submitting business background information [2][3]. Group 2: Business Scenarios and Participants - The payment system supports various business scenarios, including tuition payments, medical fees, and salary disbursements, with a focus on small, convenient transactions [3]. - Initial participating institutions include major banks from both mainland China and Hong Kong, such as Industrial and Commercial Bank of China, Bank of China, and HSBC, with plans to gradually expand participation [3][5]. Group 3: Strategic Importance - The Cross-Border Payment Link is seen as a significant milestone in deepening financial cooperation between mainland China and Hong Kong, reflecting the central government's commitment to enhancing Hong Kong's status as an international financial center [4][5]. - The initiative is expected to facilitate the integration of financial market rules and resources between the two regions, providing a more seamless payment experience for residents [4][5].