In summary, the “sanitary napkin fever” of leading live – streaming agencies is not only a harvest of the traffic dividend in the consumer market but also an epitome of the upgrading of the traditional industry. For entrepreneurs, the opportunity in this field lies in “filling the gap in quality demand”, but the challenge lies in “how to build a moat with product power and trust power after the traffic dividend fades”.

The launch of the “Cross – border Payment Connect” is a crucial step for the financial cooperation between the mainland and Hong Kong to move from “pipeline connection” to “mechanism integration.” It not only brings “tangible” convenience to residents and enterprises in both regions but also puts forward higher requirements for regulatory coordination and technical security.