Core Viewpoint - The article discusses the rapid growth and competitive landscape of stablecoins, particularly in Hong Kong, highlighting the involvement of major players and regulatory developments in the sector [2][3][4]. Group 1: Market Growth and Regulatory Environment - Over the past six years, the global stablecoin market has expanded 45 times, evolving from a cryptocurrency anchor to a tool for cross-border payments [3]. - Recent regulatory frameworks, such as the U.S. "Genius Act" and Hong Kong's "Stablecoin Ordinance," have clarified the qualifications for stablecoin issuers and established compliance requirements [4][8]. Group 2: Key Players in Hong Kong's Stablecoin Market - Four main forces are competing for stablecoin issuance in Hong Kong: internet capital from mainland China (e.g., JD.com, Ant Group), third-party entities like Yuan Coin Innovation, and local financial institutions such as Standard Chartered and Hong Kong Telecom [7][8][9]. - JD.com has been proactive, establishing JD Coin Chain and entering the first batch of sandbox testing for stablecoin issuance [15][16][20]. Group 3: JD.com's Strategy and Partnerships - JD.com aims to leverage stablecoins to reduce cross-border payment costs by up to 90% and enhance payment efficiency to under 10 seconds [23][24]. - The company has formed partnerships with Airstar Bank for reserve asset custody and is exploring collaborations with major compliant exchanges for retail payment integration [23][24]. Group 4: Ant Group's Position and Plans - Ant Group is preparing to apply for stablecoin licenses in Hong Kong, focusing on cross-border payment scenarios to enhance transaction efficiency and reduce costs [30][31][32]. - The company has established strategic partnerships with Deutsche Bank for reserve management, indicating a strong commitment to the stablecoin market [32][33]. Group 5: Yuan Coin Innovation's Unique Approach - Yuan Coin Innovation, founded by former HKMA president Chen Delin, is backed by significant capital from the cryptocurrency and internet finance sectors, positioning it as a strong contender in the stablecoin space [45][46][51]. - The company plans to utilize stablecoins for various applications, including cross-border payments and asset tokenization [52][53]. Group 6: Traditional Financial Institutions' Involvement - A consortium of traditional financial players, including Standard Chartered, Animoca Brands, and Hong Kong Telecom, is also entering the stablecoin market, leveraging their established networks and expertise [61][62][68]. - The collaboration aims to combine traditional finance's stability with innovative Web3 applications, although details on their operational plans remain limited [69][72]. Group 7: Future Outlook - Analysts predict that the number of stablecoin issuers in Hong Kong could reach around ten, indicating a competitive environment with more capital poised to enter the market [75].

中国人民银行官网今天发布消息，为深化内地与香港金融合作，满足两地居民安全、高效、 便捷的跨境汇款需求， 中国人民银行、香港金融管理局共同推动并支持由中国人民银行清算 总中心和香港银行同业结算有限公司开展内地与香港快速支付系统互联互通合作 （以下简称 跨境支付通）。现就有关事宜公告如下： 二、跨境支付通支持两地快速支付系统参与机构为两地居民提供经常项下人民币、港币便利 化汇款服务，支持两地参与机构在落实相关政策的基础上，为薪酬发放、留学缴费、医疗缴 费等惠及两地民生融合的业务场景提供快速汇款服务。 关注" 新华网财经 "视频号 更多财经资讯等你来看 往期推荐 华为，重大发布！ 金价大跌！ 六、跨境支付通参与机构须严格遵守反洗钱、反恐怖融资、防扩散融资及跨境资金结算相关 法律法规规定。 七、跨境支付通将于2025年6月22日上线。 一、跨境支付通是指通过内地网上支付跨行清算系统与香港快速支付系统"转数快"连接，在 遵从两地相关法律法规的前提下，为两地居民提供实时跨境支付服务。 来源：央视财经（ID：c c t v y s c j） 三、跨境支付通是中央政府支持香港发展、便利民生，加深内地与香港金融合作的又一项重 ...

今年3月，我去了一趟新加坡。这几年，那里一直是全球Web3最热火朝天，也是最龙蛇混杂的地方。但这次去，似乎冷清了不少。 怎么回事？原来，他们好多人，都把阵地转移到了：香港。转移的原因，和最近特别火的一个词有关：稳定币。 先看《稳定币条例》。 根据条例第3条款，稳定币被定义为：一种基于分布式账本技术的加密数码价值。价值参照单一或一篮子资产（如官方货币）以维持稳 定，并意图被公众接受为交易媒介。 什么意思？ 打一个笼统的比方。你一定去过游戏厅。推门第一件事，就是换游戏币。掏100块钱，换100枚游戏币。游戏币，就是你在游戏厅里的"稳定币"。因 为它价值稳定，被所有游戏机接受。走的时候，你还能再去服务台，把剩下的退掉。 稳定币的逻辑，也很相似。区块链，就像一个"全球游戏厅"。发行商，就像服务台。他必须要实打实地存1万元（抵押资产），才能在区块链上发行 1万稳定币（就假如叫R币）。一枚R币，能买一颗白菜。如果哪天你怀疑，一枚R币买不回一颗白菜，随时可以拿着R币来兑钱。 和安全资产1:1的刚性兑付承诺，就是"R币"被信任的基石。也是未来京东、蚂蚁可能发行的稳定币，能被信任的基石。 这游戏厅听起来不错。但如果服务台不靠谱 ...

央视网消息：6月20日，中国人民银行与香港金融管理局联合举办内地与香港快速支付系统互联互通启动仪式。启动仪式上宣 布跨境支付通将于6月22日，也就是明天上线运行。那么什么是跨境支付通？它有哪些优势？来看记者的报道。 内地香港居民只需输入手机号即可转账 与传统跨境汇款相比，跨境支付通的第一大特点就是便捷。跨境支付通上线后，内地与香港两地居民，只需在手机上输入对方 手机号码或银行账号，就可以轻松进行跨境汇款等操作。 中国银行支付清算部总经理 范耀胜：客户只要保证手机银行应用是最新版本，就可以在功能页面上找到跨境支付通的功能入口 发起汇款。客户还可以向手机号发起汇款，不需要再填写其他的账户信息，大大地便利了个人汇款业务。 跨境支付通支持转账实时到账 根据跨境支付通的安排，持有中国境内居民身份证、军人身份证件和武装警察身份证件的境内居民个人可以从内地参与银行账 户汇出至香港参与机构账户；而持有香港身份证的香港居民个人可以从香港参与机构账户汇入至内地参与银行账户。 以往跨境汇款需要时间较长，而跨境支付通可以实现用户通过网上银行、手机银行随时、随地办理跨行转账，资金实时到账。 中国农业银行网络金融部总经理 杨宇红：这个就 ...

同时，跨境支付通支持两地快速支付系统参与机构为两地居民提供经常项下人民币、港币便利化汇 款服务，支持两地参与机构在落实相关政策的基础上，为薪酬发放、留学缴费、医疗缴费等惠及两地民 生融合的业务场景提供快速汇款服务。 中国人民银行有关部门负责人表示，与传统跨境汇款相比，与香港间的跨境支付通有效缩短了跨境 汇款链路，提高了跨境汇款效率，从技术上支持参与机构为用户提供体验更好的跨境汇款服务。 具体看，一是支持用户通过参与机构的手机银行、网上银行等渠道，依托手机号码、银行账户等， 线上发起内地与香港间人民币和港币的跨境汇款。二是支持经常项目项下一定金额内的便利化汇款实时 到账。三是相关支付基础设施直接对接，减少中间环节，降低跨境汇款成本。 据中国人民银行、香港金融管理局的联合公告，跨境支付通是指通过内地网上支付跨行清算系统与 香港快速支付系统"转数快"连接，在遵从两地相关法律法规的前提下，为两地居民提供实时跨境支付服 务。 中国人民银行、香港金融管理局表示，跨境支付通是中央政府支持香港发展、便利民生，加深内地 与香港金融合作的又一项重要举措，有利于提升两地跨境支付效率和服务水平，便利两地经贸活动和人 员往来，有利于支 ...

【环球网财经综合报道】6月20日，中国人民银行，香港金融管理局联合发布公告，双方共同推动并支持由中国人民银行清算总中心和香港银行同业结算有 限公司开展内地与香港快速支付系统互联互通合作，即"跨境支付通"。 | | | | 中国人民银行 THE PEOPLE'S BANK OF CHINA | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 信息公开 | 新闻发布 | 法律法规 | 货币政策 | 宏观审慎 | 信贷政策 | 金融市场 | 金融稳定 | 调查统计 | 银 | | | 金融科技 | 人民币 | 经理国库 | 国际交往 | 人员招录 | 学术交流 | 征信管理 | 反洗钱 | 党 | | 服务互动 | 政务公开 | 政策解读 | 公告信息 | 图文直播 | 央行研究 | 音频视频 | 市场动态 | 网上展厅 | 报 | | | 网送文告 Company of Chicago a Pro a Pro 219 Life rogen af L L L L . Pres . L . mann | 办事大厅 ...

Core Points - The launch of the cross-border payment system between mainland China and Hong Kong marks a significant innovation in financial connectivity, allowing residents to easily conduct cross-border remittances and payments via mobile phones [1][2][3] - The system aims to enhance the efficiency and experience of cross-border payments, facilitating trade and personal transactions between the two regions, while promoting the use of the Renminbi in cross-border transactions [2][4] Group 1 - The cross-border payment system enables residents to make small remittances and pay for daily expenses instantly by simply entering the recipient's mobile number [3][5] - The People's Bank of China and the Hong Kong Monetary Authority have collaborated to establish this system, which is seen as a milestone in deepening financial cooperation between the two regions [2][7] - Initial participating institutions include major banks from both mainland China and Hong Kong, with plans to gradually expand the range of participating entities [4][5] Group 2 - The system significantly shortens the cross-border remittance process, improving efficiency and reducing costs by minimizing intermediaries [5][6] - It supports various financial services, including tuition payments, medical fees, and salary disbursements, enhancing convenience for residents [4][5] - The launch of the cross-border payment system is part of a broader trend of increasing financial market connectivity between mainland China and Hong Kong, which includes initiatives like Stock Connect and Bond Connect [7]

Core Viewpoint - The launch of the Cross-Border Payment Link on June 22, 2025, marks a significant milestone in the financial connectivity between Mainland China and Hong Kong, with six banks from each region participating as initial institutions [2][4]. Group 1: Overview of Cross-Border Payment Link - The Cross-Border Payment Link connects the Mainland online payment interbank clearing system with Hong Kong's Fast Payment System, providing real-time cross-border payment services for residents of both regions [2][6]. - This initiative is part of the central government's support for Hong Kong's development and aims to enhance financial cooperation between the two regions, improving payment efficiency and service levels [6][8]. Group 2: Participating Banks - The initial participating banks from Mainland China include Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, and China Merchants Bank [10]. - The Hong Kong banks involved are Bank of China (Hong Kong), East Asia Bank, China Construction Bank (Asia), Hang Seng Bank, HSBC, and ICBC (Asia) [10]. Group 3: Services Offered - The Cross-Border Payment Link supports convenient remittance services for residents, including salary payments, tuition fees, and medical expenses, without requiring business background documentation for small amounts [7][8]. - It allows for two-way remittance services, facilitating transactions for individuals holding identification from either region [7][8]. Group 4: Market Response and Future Prospects - Following the announcement, banks like Bank of China (Hong Kong) and East Asia Bank expressed strong demand for cross-border services, with East Asia Bank reporting a 112% year-on-year increase in cross-border payment transactions in Q1 2025 [11][12]. - HSBC and ICBC (Asia) plan to offer fee-free services and real-time transactions, enhancing customer experience and promoting cross-border economic activities [12][15].

Group 1 - The National Medical Products Administration has approved measures to optimize the lifecycle regulation to support the innovation and development of high-end medical devices [1] - The People's Bank of China and the Hong Kong Monetary Authority will jointly launch a cross-border payment system, set to go live on June 22, 2025 [2] - The Ministry of Finance reported a 28.8% increase in tax revenue from the railway, shipping, and aerospace manufacturing industries from January to May, while the information transmission, software, and IT services sector saw a 10% increase [4] Group 2 - Lianqi Technology plans to issue H-shares and list on the Hong Kong Stock Exchange [5] - Nord Technology, which has seen a four-day stock increase, reported that revenue from its copper foil business in the solid-state battery sector accounts for less than 1% of total revenue [5] - Changcheng Military Industry, which has experienced a three-day stock increase, stated that its production and operational activities are currently normal [5] - Changshan Pharmaceutical has received approval for clinical trials of Abenanide injection for weight loss indications [5]

20日，在北京举行的跨境支付通启动仪式上，中国人民银行行长潘功胜介绍，跨境支付通以内地与香港 货币当局基础设施直接互联的方式，为内地与香港居民提供线上快速的双边本币及双边人民币的汇款服 务，将进一步提升跨境支付的效率和体验，为香港发展注入新的活力，也将进一步促进人民币跨境使 用，推动高水平对外开放。 2024年8月，中国人民银行与香港金融管理局签署了关于开展内地和香港跨境支付互联互通的谅解备忘 录，为内地与香港合作奠定了方向。10个多月后，跨境支付通顺利推出。 香港金融管理局总裁余伟文说，金融基建互联就像道路基建互联一样，能够联通内地与香港，便利经贸 活动和人员往来，加深经济融合。这有利于巩固提升香港国际金融中心和离岸人民币中心的地位，也代 表了香港快速支付系统在拓展跨境支付方面取得坚实成果。 记者20日从中国人民银行获悉，跨境支付通将于6月22日正式上线。在跨境支付通的支持下，只需要一 个电话号码，内地和香港居民可随时随地跨境转账，资金实时到账。 记者了解到，通过内地网上支付跨行清算系统与香港快速支付系统"转数快"直接连接，跨境支付通支持 用户通过参与机构的手机银行、网上银行等渠道，依托手机号码、银行账户等 ...