Vice President of the People's Bank of China, Lu Lei: A blockchain platform will be built to promote cross-border payment cooperation in Hong Kong

The Vice President of the People's Bank of China, Lu Lei, stated at the Hong Kong FinTech Week Startup Festival that the central bank attaches great importance to cross-border payment cooperation with Hong Kong and is actively promoting the interconnection of payment systems between the two regions.

Lu Lei pointed out that the central bank continues to expand the RMB cross-border payment system's operations in Hong Kong. In June of this year, the "Cross-Border Payment Link" was successfully launched, and a unified gateway for cross-border QR codes has been established. In the future, it will further explore the use of digital RMB for cross-border payments, including promoting multilateral central bank digital currency bridge cooperation and building a dual platform of blockchain and digital assets, providing more convenience for the integrated development of the economies of the two regions.