政策+技术双轮驱动，这个板块连续五天资金净流入！

Core Insights - The article emphasizes that cross-border payments have evolved from a supporting service in foreign trade to a key engine driving global economic circulation, with a cumulative growth of over 41% in transaction volume over the past decade, despite trade frictions and regulatory adjustments [1][5]. Industry Overview - The cross-border payment landscape is expanding beyond traditional foreign trade settlements, now encompassing a diverse demand matrix across the global economy, with a projected cumulative growth of 41.05% from 2015 to 2024 [5]. - B2B transactions are identified as the core pillar, facilitating large and frequent transactions in international supply chains and cross-border investments, while B2C and C2B scenarios cater to smaller, high-frequency payments [8]. Technological and Policy Innovations - Traditional cross-border payments face challenges such as high costs, slow speeds, and security issues, with transaction times often taking several days [9][10]. - Third-party payment platforms have made significant technological advancements, reducing transaction times to within T+2 days, with some scenarios achieving same-day settlements [11]. - The introduction of the digital yuan has led to three major breakthroughs: upgrading its status to a "digital deposit currency," enhancing cross-border efficiency with a 95.3% transaction share, and strengthening security through advanced encryption and risk management [14]. Market Trends and Future Projections - The cross-border payment industry is evolving towards instant, inclusive, and intelligent solutions, with the digital yuan's policies providing substantial support for these trends [15]. - Instant payment solutions are becoming a target, with expectations that by 2028, instant payments will account for over 25% of global online payments [15]. - The G20's goal to reduce average costs of cross-border retail payments to 1% by 2027 highlights the importance of the digital yuan in making global payment networks accessible to billions of underserved individuals and millions of SMEs [15]. Investment Opportunities - The cross-border payment sector is currently experiencing a confluence of policy support, technological innovation, and surging demand, indicating a favorable investment climate [19]. - Companies deeply involved in the infrastructure for digital yuan cross-border settlements are expected to benefit significantly from the expansion of the digital currency bridge project [20]. - Leading platform companies with strong technological capabilities in cross-border payments, such as LianLian Digital, are positioned to capture market share effectively [21]. - Companies with a solid foundation in payment services and a proactive approach to expanding cross-border scenarios, like Lakala and Newland, are also seen as having breakthrough potential [22].