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.