Core Viewpoint - The launch of the "Cross-Border Payment Link" between the People's Bank of China and the Hong Kong Monetary Authority is a significant step in enhancing financial cooperation between mainland China and Hong Kong, aimed at improving the efficiency and convenience of cross-border payments [1][2]. Group 1: Overview of Cross-Border Payment Link - The Cross-Border Payment Link connects the mainland's online payment interbank clearing system with Hong Kong's Fast Payment System, allowing for efficient, convenient, and secure cross-border payment services for residents of both regions [1]. - The service is set to go live on June 22, enhancing the international financial center status of Hong Kong and promoting the use of the Renminbi in cross-border transactions [1][2]. Group 2: Operational Details - The Cross-Border Payment Link focuses on small-amount, convenient remittances, allowing residents to make cross-border transfers without submitting business background information [2]. - The service supports remittances for various purposes, including tuition payments, medical fees, and salary disbursements, with participating institutions determining transaction limits based on risk management [2][3]. Group 3: Efficiency and Cost Reduction - Compared to traditional cross-border remittance methods, the new system significantly shortens the remittance chain, improves efficiency, and reduces costs by minimizing intermediaries [3]. - The system allows for real-time transactions for certain amounts under the current account, enhancing the overall user experience for residents [3]. Group 4: Compliance and Risk Management - Participating institutions must adhere to regulations regarding cross-border fund settlements and implement anti-money laundering and counter-terrorism financing measures to mitigate potential risks [3]. - A risk monitoring mechanism will be established to ensure the smooth operation of the Cross-Border Payment Link and to monitor suspicious transactions [3].

Group 1 - The historic collaboration between Shenzhen and Deutsche Börse Group marks a significant step in cross-border financial cooperation, with high-level financial exchange events taking place in Shenzhen [1][2] - The events aim to explore opportunities for interconnectivity between Chinese and European financial markets, focusing on financial derivatives innovation and pathways for companies to list abroad [2][4] - Deutsche Börse Group, as a comprehensive exchange organization, offers full-cycle support for Shenzhen enterprises, from listing to foreign exchange management, and aims to deepen cooperation in various financial sectors [2][4] Group 2 - The Shenzhen Financial Stability Development Research Institute has established close ties with major international exchanges, promoting a rich ecosystem linking Shenzhen to global financial markets since the creation of the International Listing Exchange Base in 2024 [3][5] - The event featured presentations from Deutsche Börse Group's subsidiaries, showcasing innovations in energy transition, derivatives trading, and foreign exchange management, addressing challenges faced by enterprises going global [4][5] - Shenzhen has been actively enhancing its international financial talent and market openness, with a significant number of listed companies and a strong market capitalization, positioning itself as a key player in the global financial ecosystem [5][6]

Core Viewpoint - The launch of the Cross-Border Payment Link marks a significant innovation in financial connectivity between mainland China and Hong Kong, providing residents with a more convenient, efficient, and low-cost cross-border remittance service [2][3][6]. Group 1: Cross-Border Payment Link Overview - The Cross-Border Payment Link utilizes the mature rapid payment systems of both mainland China and Hong Kong, allowing residents to remit money easily by entering a phone number or account details [3][4]. - The service was officially launched on June 22, with key officials from the People's Bank of China and the Hong Kong Monetary Authority attending the inauguration ceremony [3][4]. - The new system enables real-time fund transfers and direct currency exchange between Renminbi and Hong Kong dollars, enhancing convenience for users [3][4]. Group 2: User Experience and Benefits - A resident from Shenzhen successfully used the service to send 10,000 RMB to her daughter studying in Hong Kong, highlighting the ease of use and immediate fund availability compared to previous methods [4]. - A Hong Kong citizen praised the service for its simplicity and lack of fees, allowing for direct transfers to mainland accounts without complex procedures [4]. Group 3: Financial Cooperation and Regional Development - The Cross-Border Payment Link is expected to further enhance financial cooperation between Shenzhen and Hong Kong, contributing to the economic integration of the Guangdong-Hong Kong-Macao Greater Bay Area [5][6]. - Shenzhen has been a pioneer in cross-border payment innovations, having previously introduced various financial services that facilitate cross-border transactions [5]. - The People's Bank of China plans to continue promoting financial support for the Greater Bay Area, aiming to meet the residents' needs and enhance financial connectivity [6].

只需要一个电话号码，两地居民就可以随时随地实现跨境转账实时到账！ 6月20日上午，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（以下简称跨境支 付通）启动仪式，中国人民银行行长潘功胜，中央港澳工作办公室副主任、国务院港澳事务办公室副主任王灵 桂，香港金融管理局总裁余伟文出席并致辞，中国人民银行副行长陆磊主持。 跨境支付通是中央政府支持香港发展和便利民生、推动内地与香港合作的又一项重要举措，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，在遵守两地法律法规的前提下，支持参与机构为两地居 民提供高效、便捷、安全的跨境支付服务。跨境支付通将于2025年6月22日上线运行。 潘功胜在启动仪式上表示，近年来，内地和香港的经贸合作、人员往来更加紧密，两地金融管理部门顺应内地 和香港加快融合发展的趋势，相继推出了沪港通、债券通、跨境理财通、互换通等金融合作举措。在此基础 上，人民银行与香港金管局聚焦提升两地支付服务的便利性，进一步推出跨境支付通，这是内地和香港深化金 融合作的又一个重要里程碑，充分体现了中央政府对巩固和提升香港国际金融中心地位的高度重视，体现了中 央政府支持香港长期 ...

Core Viewpoint - The "Nansha Financial 30 Measures" aims to enhance financial support for the Nansha area, positioning it as a key node in the Guangdong-Hong Kong-Macao Greater Bay Area's high-quality development and international financial hub [1][2]. Group 1: Financial Support Measures - The measures are structured around seven dimensions, including improving financial services for innovation and entrepreneurship, enhancing financial services in social welfare, developing specialized financial services, promoting cross-border financial cooperation, and ensuring supportive measures [2][3]. - The initiative is a strategic deployment to accelerate the construction of major cooperation platforms in the Greater Bay Area, aligning with the "Greater Bay Area Development Plan Outline" [2]. Group 2: Innovation and Entrepreneurship - A primary focus is on enhancing financial services for innovation and entrepreneurship, supporting the construction of technology innovation industrial cooperation bases [3]. - Specific measures include supporting financial institutions in innovating bill discount products and increasing financing support for eligible enterprises [3]. Group 3: Cross-Border Financial Services - The plan emphasizes the development of cross-border asset management centers and encourages the use of RMB for international shipping fees [4][5]. - It aims to facilitate cross-border payment services and credit financing, including expanding the range of banks for Hong Kong and Macao residents to open accounts [7]. Group 4: Commodity Futures and Insurance - The establishment of a commodity futures delivery center is proposed to enhance the integration of spot and futures markets, contributing to the pricing power of commodities [6]. - The measures also include the development of cross-border insurance products tailored for residents in the Nansha area [6].