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.

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 significant progress. Ant Group's Alipay and Ant International became the first institutions to participate in the cross-border QR code unified gateway pilot program. Lu Lei emphasized that the current systemic risk threats in the payment industry are increasing, with the scale and frequency of cross-border capital flows expanding, creating opportunities for cross-border money laundering, terrorist financing, and other risks. 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)