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PANews
PANews|11月 29, 2025 03:24
[To Support Hong Kong Disaster Relief, the Central Bank Backs Commercial Banks in Establishing a Cross-Border RMB Donation Green Channel] According to CCTV News, the Macro-Prudential Management Bureau of the People's Bank of China has recently issued a notice to fully support efforts in Hong Kong's Tai Po fire rescue operations, treatment of the injured, post-disaster arrangements, and other related work. To ensure zero delay in the transfer of domestic donation funds, the People's Bank of China supports commercial banks in establishing a cross-border RMB donation green channel. Commercial banks are not required to review documentation and can directly transfer donation funds to the Tai Po Hong Fu Court Relief Fund account (01287521901607) based on payment instructions from domestic institutions or individuals. They are also required to submit RCPMIS data reports as per regulations.
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