Core Viewpoint - The People's Bank of China emphasizes the importance of enhancing payment services for the real economy and promoting high-quality development in the payment industry through interconnectivity and technological innovation [1] Group 1: Payment Industry Development - The payment service quality for the real economy has improved significantly due to the efforts of various industry stakeholders [1] - The construction of a modern payment system has achieved new results, supported by strong financial infrastructure and ongoing high-level openness [1] - The interconnectivity of payment systems is deemed essential for the high-quality development of the payment industry [1] Group 2: Cross-Border Payment Initiatives - Following the interconnectivity of the mainland and Hong Kong rapid payment systems in June, a unified cross-border QR code gateway began trial operation at the end of July [1] - The unified gateway adheres to principles of publicness, inclusiveness, and accessibility, allowing qualified market entities to engage in cross-border QR code payment services [1] - The People's Bank of China will guide industry stakeholders to further promote cross-border payment interconnectivity, enhancing global financial networks and channels [1] Group 3: Technological Innovation and Security - The rapid iteration of global technological innovation necessitates the payment industry to accelerate technological advancements and enhance digital payment levels [1] - A balance between security and development is crucial, with a focus on maintaining safety standards while promoting innovation [1] - Industry stakeholders are encouraged to innovate within compliance frameworks, ensuring that development outcomes reinforce security foundations for high-quality growth in the payment sector [1]