Lu Lei, Vice Governor of the People's Bank of China, attended the 14th China Payment Clearing Forum and delivered a speech.

On September 16, 2025, Lu Lei, member of the Party Committee and Vice President of the People's Bank of China, attended and delivered a speech at the 14th China Payment and Clearing Forum. Lu Lei stated that in recent years, with the unremitting efforts of various industries, the quality and efficiency of payment services to the real economy have been further improved, industry governance has continued to deepen, financial infrastructure has been strongly supported, high-level opening up has been continuously promoted, and new achievements have been made in the construction of a modern payment system. Promoting payment interconnection is a necessary way to achieve high-quality development of the payment industry. Following the interconnection of the mainland and Hong Kong Fast Payment Systems in June of this year, a unified gateway for cross-border QR codes went online for trial operation at the end of July. The unified gateway adheres to the principles of publicness, inclusiveness, and universality, supporting eligible market institutions to access and carry out cross-border QR code payment business. The People's Bank of China will guide all sectors of the industry to continue to promote cross-border payment interconnection, further smooth and connect the global capital network and channels, promote the construction of a more open, secure, and efficient domestic QR code payment network, and promote the formation of a diversified and competitive market environment through industry self-discipline and market-based means. Lu Lei pointed out that global technological innovation is accelerating. The payment industry should accelerate technological innovation, comprehensively improve the level of digital payment, and consolidate its leading position through technological innovation. At the same time, it is necessary to coordinate security and development and firmly hold the bottom line of security. All sectors of the industry should adhere to both compliance and innovation, allowing innovation to progress on the track of compliance, solidifying the foundation of security with the achievements of development, and forming a solid foundation for the high-quality development of the payment industry.