Lu Lei, Deputy Governor of the People's Bank of China: Some illegal overseas platforms transfer funds through virtual currencies and other channels, creating a "resonance" of risks both domestically and internationally.

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)