Southeast Asia Information Port (www.dnyxxg.com) – The People's Bank of China (PBOC) issued a notice on the 28th, stating that to fully cooperate with the search and rescue, medical treatment, and post-fire support efforts in the Tai Po fire in Hong Kong, and to ensure zero-delay arrival of domestic donations, the PBOC supports commercial banks in establishing a green channel for cross-border RMB donations.
According to the notice, commercial banks do not need to review supporting documents and can directly transfer donations to the Tai Po Hung Fook Estate Aid Fund account (01287521901607) based on payment instructions from domestic institutions or individuals, and must also submit data to the Cross-border RMB Payment and Receipt Information Management System (RCPMIS) as required. (End)
