The Chief Executive of the Hong Kong Special Administrative Region, Lee Ka-chiu, today released the “Chief Executive's 2024 Policy Address” in the conference hall of the Legislative Council Complex of the Hong Kong Special Administrative Region. Li Jiachao said that one part of developing inclusive finance is to facilitate citizens to carry out cross-border transactions and payments. The Hong Kong Monetary Authority and the People's Bank of China are promoting the interconnection of rapid payment systems between the two places and the Mainland's online payment interbank clearing system) to facilitate real-time small-value cross-border payments for residents of the two places; they will also implement the issuance of bank cards by mainland branches of Hong Kong registered banks in the Mainland.

The Chief Executive of the Hong Kong Special Administrative Region, Lee Ka-chiu, presented the “Chief Executive's 2024 Policy Address” in the conference hall of the Legislative Council Complex of the Hong Kong Special Administrative Region today. Li Jiachao said that one part of developing inclusive finance is to facilitate citizens to carry out cross-border transactions and payments. The Hong Kong Monetary Authority and the People's Bank of China are promoting the interconnection of rapid payment systems between the two places and the Mainland's online payment interbank clearing system) to facilitate real-time small-value cross-border payments for residents of the two places; they will also implement the issuance of bank cards by mainland branches of Hong Kong registered banks in the Mainland.