Hong Kong media: Mainland China and Hong Kong tentatively plan to launch cross-border payment interconnection in June next year

Odaily News The Hong Kong Monetary Authority and the People's Bank of China are promoting the interconnection of the two fast payment systems, that is, the interconnection of Hong Kong's Fast Payment System (FPS) and the Mainland's Internet Payment Interbank Settlement System (IBPS). The target timetable for the technical interconnection of FPS and IBPS is tentatively set for June next year, but several banks in Hong Kong will conduct a trial in April, and hope that other banks will participate when it is officially launched in June. (Hong Kong Economic Times)