To support disaster relief efforts in Hong Kong, the People's Bank of China supports commercial banks in establishing a green channel for cross-border RMB donations.

PANews reported on November 29 that, according to CCTV News, the Macroprudential Management Bureau of the People's Bank of China recently issued a notice stating that, in order to fully cooperate with the search and rescue, treatment of the injured, and post-disaster relief efforts following the Tai Po fire in Hong Kong, and to ensure that domestic donations arrive with zero delay, the People's Bank of China supports commercial banks in establishing a green channel for cross-border RMB donations.

Commercial banks do not need to review supporting documents. They can directly transfer donations to the Tai Po Hung Fook Yuen Assistance Fund account (01287521901607) based on payment instructions from domestic institutions or individuals, and submit RCPMIS data as required.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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