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CITIC Securities emphasizes that the Cross-Border Payment Link, serving as a real-time, low-value retail payment channel bridging Mainland China and Hong Kong, will significantly enhance payment efficiency, trim transaction costs, foster economic and trade collaborations between the two regions, and reinforce Hong Kong's position as a global financial hub. Additionally, it holds the potential to strengthen payment sector cooperation and expand cross-regional payment networks between the two areas. The inaugural group of 12 participating banks is anticipated to experience business growth as a result. Amidst the accelerating evolution of traditional cross-border payment methods, it is advisable to direct attention towards the novel models and business prospects emerging from the Cross-Border Payment Link.
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