Pan Gongsheng emphasizes the rapid application of blockchain technology in enhancing cross-border payments while addressing regulatory challenges at the 2025 Lujiazui Forum.
At the 2025 Lujiazui Forum, Central Bank Governor Pan Gongsheng discussed the accelerated use of technologies like blockchain in cross-border payments, which is reshaping traditional systems and significantly shortening payment processes. He pointed out the regulatory challenges that arise from these innovations and stated that smart contracts and decentralized finance will further evolve the payment landscape.