On Aug 27, 2026, PBOC deputy governor Lu Lei told the 15th China Payment and Clearing Forum that global tech innovation and AI development are accelerating and China’s payment industry is at a critical stage of transformation to lift quality and effi

2026-08-27

On Aug 27, 2026, PBOC deputy governor Lu Lei told the 15th China Payment and Clearing Forum that global tech innovation and AI development are accelerating and China’s payment industry is at a critical stage of transformation to lift quality and efficiency. He urged market participants to balance development with security, fully implement the Self‑regulatory Convention on AI‑agent payment applications, strengthen consumer protection and risk prevention, diversify payment instruments and the payment ecosystem, and elevate the payment and clearing sector to better support high‑quality economic growth.