Eight departments including the People's Bank of China jointly issued the “Guiding Opinions on Expanding Capacity and Improving the Quality of the Financial Support Service Industry”. The “Opinions” state that payment services should continue to be improved. Improve a convenient, efficient, and risk-controllable payment service system covering urban and rural areas, and solidly promote inclusive payment. Financial institutions are encouraged to combine the operating characteristics of productive service industries such as technology research and development and business services, and continue to promote payment facilitation around lifestyle service scenarios such as lodging, catering, culture, sports and entertainment to meet the needs of diversified payment services. Deepen the intelligent and low-cost advantages of digital yuan smart contracts in the supervision of prepaid funds and issuance of consumer vouchers, and provide safe, efficient and convenient fund settlement solutions. Accelerate the construction of a diversified and multi-level RMB cross-border payment system and promote cross-border payment connectivity.

Eight departments including the People's Bank of China jointly issued the “Guiding Opinions on Expanding Capacity and Improving the Quality of the Financial Support Service Industry”. The “Opinions” state that payment services should continue to be improved. Improve a convenient, efficient, and risk-controllable payment service system covering urban and rural areas, and solidly promote inclusive payment. Financial institutions are encouraged to combine the operating characteristics of productive service industries such as technology research and development and business services, and continue to promote payment facilitation around lifestyle service scenarios such as lodging, catering, culture, sports and entertainment to meet the needs of diversified payment services. Deepen the intelligent and low-cost advantages of digital yuan smart contracts in the supervision of prepaid funds and issuance of consumer vouchers, and provide safe, efficient and convenient fund settlement solutions. Accelerate the construction of a diversified and multi-level RMB cross-border payment system and promote cross-border payment connectivity.