Odaily Planet Daily reported that Lu Lei, deputy governor of the People's Bank of China, revealed at the 14th China Payment and Clearing Forum that cross-border QR code payment interoperability has made important progress. Today, Alipay and Ant International under Ant Group became the first institutions to participate in the cross-border QR code unified gateway business pilot.

Lu Lei emphasized that the current systemic risk threat in the payment industry is increasing, with the scale and frequency of cross-border capital flows increasing. This also provides opportunities for risks such as cross-border money laundering and terrorist financing. Some illegal overseas platforms transfer funds through virtual currencies and underground banks, creating a "resonance" of risks both domestically and internationally, posing a challenge to China's foreign exchange management and financial security. (Caixin.com)