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People's Bank of China and Hong Kong Monetary Authority Jointly Hold Cross-Border Payment Channel Launch Ceremony
Summary: According to official announcements, the People's Bank of China and the Hong Kong Monetary Authority jointly held a ceremony to launch the interconnection of the Mainland and Hong Kong fast payment systems. The cross-border payment channel will go live on June 22, 2025. The introduction of the cross-border payment channel will enhance the efficiency and ...
According to official announcements, the People's Bank of China and the Hong Kong Monetary Authority jointly held a ceremony to launch the interconnection of the Mainland and Hong Kong fast payment systems. The cross-border payment channel will go live on June 22, 2025. The introduction of the cross-border payment channel will enhance the efficiency and service level of cross-border payments between the two regions, facilitate economic and trade activities, and strengthen Hong Kong's position as an international financial center.
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Link: People's Bank of China and Hong Kong Monetary Authority Jointly Hold Cross-Border Payment Channel Launch Ceremony [Copy]
