Vice Governor of the Central Bank: Some illegal overseas platforms transfer funds through channels such as virtual currencies, creating a "resonance" of risks both domestically and internationally

ChainCatcher news, according to Caixin reports, Lu Lei, the deputy governor of the People's Bank of China, revealed at the 14th China Payment and Clearing Forum that significant progress has been made in the interconnection of cross-border QR code payments. Alipay, a subsidiary of Ant Group, and Ant International have become the first institutions to participate in the pilot of the cross-border QR code unified gateway service.

Lu Lei emphasized that the systemic risk threats in the current payment industry are increasing. The scale and frequency of cross-border capital flows are expanding, which also provides opportunities for risks such as cross-border money laundering and terrorist financing. Some illegal overseas platforms are transferring funds through channels such as virtual currencies and underground banks, creating a "resonance" of risks both domestically and internationally, posing challenges to China's foreign exchange management and financial security.