TENCENT(HK:00700) Zheng Quan Shi Bao Wang·2025-11-05 07:13Core Insights - The article highlights the transformation of the cross-border payment system, driven by policy and market forces, showcasing China's advancements in financial technology and cross-border payment solutions [1][3]. Group 1: Cross-Border Payment Innovations - The People's Bank of China is actively promoting the interconnectivity of cross-border payments, focusing on expanding the Renminbi Cross-Border Payment System (CIPS) in Hong Kong and enhancing cross-border QR code payment interoperability [1][3]. - Tencent's WeChat Pay has upgraded its capabilities to support foreign cards, allowing overseas users to easily use WeChat Pay at domestic merchants, thus enhancing the shopping and travel experience in China [4]. - Tencent has partnered with over 60 international remittance institutions, supporting remittances from more than 100 countries to China, significantly improving transaction success rates and volumes [5]. Group 2: Financial Technology Development - The Hong Kong FinTech Week 2025 marks a milestone, with participation increasing to 15 times that of its inaugural event in 2016, underscoring Hong Kong's appeal as a financial technology hub [3]. - The Hong Kong Monetary Authority has announced the "FinTech 2030" vision, aiming to establish Hong Kong as a resilient and forward-looking international financial technology center, with a focus on enhancing cross-border payment connectivity [3]. Group 3: Future Outlook - Tencent's "1+1+1" model aims to create an inclusive and accessible digital cross-border payment network, leveraging its WeChat ecosystem, global payment partners, and local platforms [6][8]. - The company is exploring the application of new technologies like AI in cross-border payments to enhance risk management, transparency, and efficiency [8].