Lu Lei, deputy governor of the People’s Bank of China (PBOC), said at the 15th China Payment and Clearing Forum that agentic payments must preserve clear responsibility boundaries among consumers, financial institutions and algorithmic systems. He said transactions require predictable outcomes, clearly assigned liability and traceable records, while large language models and autonomous agents still face random outputs and limited transparency. The PBOC has guided the Payment and Clearing Association to formulate and release a Self-Regulatory Convention on Agent-Based Payment Applications, while calling on market institutions to strengthen risk controls, consumer protection, technical capabilities and coordination on protocols and standards.