On the morning of June 20, the People's Bank of China and the Hong Kong Monetary Authority jointly held the launch ceremony for the interconnection of the Mainland and Hong Kong Rapid Payment System (hereinafter referred to as Cross-Border Payment Link). Pan Gongsheng, Governor of the People's Bank of China, Wang Linggui, Deputy Director of the Central Hong Kong and Macau Affairs Office and Deputy Director of the State Council Hong Kong and Macau Affairs Office, and Eddie Yue, Chief Executive of the Hong Kong Monetary Authority attended and delivered speeches. Lu Lei, Deputy Governor of the People's Bank of China, hosted the event.