Core Viewpoint - The Hong Kong Monetary Authority (HKMA) and the People's Bank of China are launching a cross-border payment system to facilitate instant payments between Hong Kong and mainland China, enhancing financial connectivity and efficiency in cross-border transactions [1][2]. Group 1: Cross-Border Payment System Details - The cross-border payment system will connect Hong Kong's Faster Payment System (FPS) with the mainland's Interbank Payment System (IBPS), allowing residents and institutions to make instant cross-border payments [1]. - Initial services will focus on personal-to-personal transactions and payments related to living expenses, such as tuition and medical fees, with no transaction fees charged by banks at this stage [1][2]. - The daily remittance limit for Hong Kong residents is set at 10,000 HKD per participating bank, with an annual limit of 200,000 HKD, while mainland residents can remit up to 50,000 USD per year to Hong Kong [1][2]. Group 2: Participation and User Base - Six banks from both Hong Kong and mainland China are participating in the initial phase, with over ten additional banks expressing interest in joining the system [2]. - The IBPS currently has 298 million users, while the FPS has 17 million users, indicating a substantial demand for the cross-border payment service [2]. - The HKMA aims to optimize the service based on user experience and may expand the number of participating institutions and service scenarios in the future [2]. Group 3: Strategic Importance - The cross-border payment system is a significant step in enhancing cooperation between Hong Kong and mainland China, improving the efficiency of cross-border payments and facilitating trade and personnel exchanges [2]. - This initiative is expected to strengthen Hong Kong's position as an international financial center and a hub for offshore RMB business [2].

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。现就有关事宜公告如下：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。 ...

Core Viewpoint - The article emphasizes the support for optimizing the functions of free trade accounts in Shanghai and encourages banks in Shanghai and Hong Kong to enhance the non-resident account system, facilitating cross-border e-commerce and overseas warehouse operations [1] Group 1: Policy Support - The "Shanghai-Hong Kong International Financial Center Collaborative Development Action Plan" advocates for the optimization of free trade account functions in Shanghai [1] - It encourages the establishment of non-resident accounts for cross-border e-commerce platforms and overseas warehouse operating companies in the Shanghai Free Trade Zone or Hong Kong [1] Group 2: Financial System Integration - The plan promotes the interconnection of Hong Kong's Fast Payment System (FPS) with the Interbank Payment System (IBPS) for online payment cross-bank clearing [1] - It encourages financial institutions in both regions to jointly develop financial products that meet the offshore trade and economic funding needs [1] Group 3: Currency Utilization - The initiative aims to promote the use of the Renminbi as a payment settlement currency among more trade entities [1]

考虑到涉及多项技术性安排，相关互联互通措施推出之初或将主要有限度用于个人对个人的跨境转账，之后再拓展至商户支付应用场景 文｜《财经》特派香港记者 焦建 编辑｜苏琦 随着近年来中国内地与中国香港互联互通日趋频密，大量居民往来频次及场景增加，金融支付手段融通的受关注度日益提升。 随着此前政策预告时的2025年中临近，中国香港特区金融管理局（下称"金管局"）发言人在近日回应查询时再次透露称，中国人民银行与金管局正积极推 动落实两地快速支付系统互联。相关项目进展顺利，部分服务预计于年中推出。 具体而言，该机制将涉及中国内地的网上支付跨行清算系统（Internet Banking Payment System ，缩写IBPS）与中国香港的快速支付系统（Faster Payment System ，缩写FPS，港亦俗称"转数快"）互联互通。落地初期，两地居民可全天候通过输入收款人的手机号码或账户号码进行实时小额跨境汇款。 IBPS主要处理5万元人民币或以下的跨行人民币零售业务。据6月9日新华网相关报道，"手机号码支付"则是中国人民银行联合各金融机构为进一步提升跨 行支付服务水平，便利客户支付体验，依托IBPS推出的一项新 ...