To support disaster relief in Hong Kong, the Central Bank supports commercial banks in establishing a cross-border RMB donation green channel.

PANews, November 29 news, according to CCTV News, the Macro-Prudential Management Bureau of the People's Bank of China has recently issued a notice to fully cooperate in the search and rescue of personnel, treatment of the injured, and post-disaster comfort work related to the Taipo fire in Hong Kong, ensuring that donated funds within the country arrive with zero latency. The People's Bank supports commercial banks in establishing a green channel for cross-border RMB donations. Commercial banks do not need to review document materials and can directly transfer donation funds to the Tai Po Hong Fuk Yuan Assistance Fund account (01287521901607) based on payment instructions from domestic institutions or individuals, and prepare RCPMIS data submission as required.

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