The People's Bank of China and the Hong Kong Monetary Authority jointly held the launch ceremony for cross-border payment services

ChainCatcher news, according to the official announcement, the People's Bank of China and the Hong Kong Monetary Authority jointly held the launch ceremony for the interconnection of the Mainland and Hong Kong Fast Payment System. The Cross-Border Payment Link will be launched on June 22, 2025. The introduction of the Cross-Border Payment Link is beneficial for improving the efficiency and service level of cross-border payments between the two regions, facilitating economic and trade activities and personnel exchanges, and consolidating and enhancing Hong Kong's status as an international financial center.