Core Viewpoint - The speech by General Secretary Xi Jinping at the fourth "Belt and Road" construction work symposium emphasizes the need for strategic confidence and determination to create a brighter future for the "Belt and Road" initiative, highlighting the importance of payment systems in achieving economic and cultural connectivity [1]. Group 1: Company Strategy and Development - China UnionPay's internationalization strategy has been continuously advanced since the "Belt and Road" initiative was proposed in 2013, focusing on high-level openness and cooperation [2]. - The company adheres to the principles of shared consultation, cooperation, and mutual benefit, leveraging its network, products, technology, and standards to support the "Belt and Road" markets [2][3]. - UnionPay is committed to expanding its card acceptance and issuance in "Belt and Road" countries, with nearly 90% of these markets now able to accept UnionPay cards [4]. Group 2: Payment Network Expansion - UnionPay has significantly increased its acceptance network, with coverage in various sectors such as airports, supermarkets, and restaurants, achieving over 90% acceptance in markets like Italy, New Zealand, and Turkey [4]. - The company has issued nearly 200 million UnionPay cards in "Belt and Road" countries, with one-third of these markets having local card issuance [4][5]. - UnionPay is actively promoting mobile payment products tailored to local payment habits, launching over a hundred UnionPay standard e-wallets in several markets [5]. Group 3: Technological Standards and Infrastructure - Since 2017, UnionPay has shifted its focus from traditional card services to deep cooperation on technical standards, promoting its systems and standards internationally [6][7]. - The company has participated in building financial payment infrastructure in countries like Laos and Thailand, enhancing local payment capabilities [6]. - UnionPay has developed local QR code payment standards in collaboration with other card brands in Thailand and Singapore, gaining recognition from local regulatory bodies [7]. Group 4: Future Plans and Initiatives - UnionPay's "Jinxiu Action 2024" aims to enhance payment convenience for foreign visitors to China, optimizing acceptance environments in key cities and various service sectors [8]. - The company plans to deepen its acceptance network and promote cross-border QR code network cooperation, particularly in Southeast and Central Asia [10]. - Future initiatives include localizing services to better meet user needs, seizing cross-border trade opportunities, and accelerating the establishment of payment technology standards [10].