The reporter learned from the Monetary Authority of the Macao Special Administrative Region that the People's Bank of China and the Monetary Authority of Macao signed a memorandum of understanding on the implementation of cross-border payment interconnection between the mainland and Macao on the 13th, laying a cooperation framework for the two places to carry out cross-border payment interconnection. In order to improve the efficiency and service level of cross-border payments between mainland China and Macau, facilitate economic activities and personnel exchanges between the two places, and after consultation between the People's Bank of China and the Monetary Authority of Macau, the two sides have signed the above-mentioned memorandum of understanding. Both sides stated that they will promote the participation of financial institutions from both regions to provide safe, efficient, and convenient cross-border capital circulation channels for residents in both areas. (New Society)