Lu Lei, Deputy Governor of the People's Bank of China, revealed at the 14th China Payment and Clearing Forum that important progress has been made in the interconnection of cross-border QR code payments. Today, Alipay and Ant International under the Ant Group have become the first batch of institutions to participate in the pilot operation of cross-border QR code unified gateway business. Lu Lei emphasized that the systemic risk in the current payment industry is increasing. The scale of cross-border fund flows is expanding and the frequency is accelerating, providing opportunities for risks such as cross-border money laundering and terrorist financing. Some overseas illegal platforms transfer funds through virtual currencies, underground banks, and other channels, forming a "resonance" of risks domestically and internationally, posing challenges to China's foreign exchange management and financial security.