Lu Lei, deputy governor of the People's Bank of China: Some illegal overseas platforms transfer funds through virtual currencies and other channels, and domestic and foreign risks have formed a "resonance"

Huobi HTX reported that Lu Lei, deputy governor of the People's Bank of China, revealed at the 14th China Payment Clearing Forum that cross-border QR code payment interconnection has made important progress. Today, Alipay and Ant International, a subsidiary of Ant Group, have become the first batch of institutions to participate in the pilot of cross-border QR code unified gateway business. Lu Lei stressed that the current systemic risk threats in the payment industry are increasing, and the scale of cross-border capital flows has expanded and the frequency of accelerating. It also provides an opportunity for risks such as cross-border money laundering and terrorist financing. Some illegal overseas platforms transfer funds through virtual currencies, underground banks and other channels, and domestic and foreign risks form a "resonance", posing a challenge to China's foreign exchange management and financial security.