China's central bank is intensifying efforts to enhance cross-border payment integration with Hong Kong, according to Deputy Governor Lu Lei. Speaking at the Hong Kong Fintech Week, Lu emphasized the importance of this collaboration and highlighted recent advancements, including the successful launch of the Cross-Border Payment Link in June and the establishment of a unified QR code gateway. Looking ahead, the bank plans to explore new cross-border payment solutions using digital yuan, including multilateral central bank digital currency bridge cooperation and the development of a blockchain and digital asset dual platform.
China's Central Bank Advances Cross-Border Payment Integration with Hong Kong
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