PANews reported on January 22 that the People's Bank of China, the Ministry of Commerce, the Financial Regulatory Authority, the China Securities Regulatory Commission and the State Administration of Foreign Exchange jointly issued an opinion to pilot the connection with international high standards in the conditional free trade pilot zone (Hong Kong) and promote institutional opening. It proposed to support the cross-border authentication and electronic identification of digital identities, study and improve the digital identity authentication system in line with international standards, and facilitate the cross-border flow of financial data and enhance the level of free flow of cross-border funds.