Zhang Qingsong, deputy governor of the People's Bank of China, introduced at the State Council's regular policy briefing held by the State Council Information Office on March 1 that the People's Bank of China will guide payment institutions to launch a series of convenient measures to guide major payment institutions such as Alipay and Tenpay. Increase the single transaction limit for foreigners using mobile payment from US$1,000 to US$5,000, and increase the annual cumulative transaction limit from US$10,000 to US$50,000.