中国银联董俊峰：探索共筑支付产业高质量互信互联新生态

Core Viewpoint - The speech by the Secretary of the Party Committee of China UnionPay emphasizes the importance of connectivity and collaboration in the payment industry, highlighting significant achievements in payment interconnectivity in China and the need to transition from scale expansion to quality enhancement and global connectivity [1][2]. Group 1: Vision for Payment Ecosystem - The ideal interconnected ecosystem should break institutional boundaries, allowing all parties to contribute uniquely to the value chain without undermining each other's interests [1]. - A competitive yet cooperative vision encourages industry players to shift focus from price competition to providing high-quality products and services under unified regulatory standards [2]. Group 2: Open and Secure Ecosystem - An open vision promotes shared access to networks at lower costs, enhancing the vitality of the payment network and achieving Pareto optimality [2]. - Security and compliance are fundamental, serving as the non-negotiable foundation for the interconnected ecosystem, which must operate within regulatory frameworks [2]. Group 3: Collaborative Initiatives - China UnionPay is exploring a new high-quality interconnected ecosystem by establishing a "new quadrilateral model" that clarifies roles and responsibilities, ensuring fair and sustainable value distribution [2]. - The company aims to collaborate with industry players to promote Chinese payment products and standards globally, particularly in Belt and Road Initiative countries [2]. - There is a focus on developing a "cloud-management-end" system to facilitate resource sharing and precise supply-demand matching within the industry [2].