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China gives Hong Kong new yuan transfer cap as payment link starts
Starting from noon on Sunday, the 17 million registered users of Hong Kong’s FPS will be able to remit up to HK$10,000 per day to 298 million users on the mainland’s IBPS.
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Breaking | Mainland China, Hong Kong launching Payment Connect scheme to aid capital flows
‘Milestone’ programme links mainland China’s Internet Banking Payment System with Hong Kong’s Faster Payment System, simplifying cross-border payments.
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China gives Hong Kong new yuan transfer cap as payment link starts
Starting from noon on Sunday, the 17 million registered users of Hong Kong’s FPS will be able to remit up to HK$10,000 per day to 298 million users on the mainland’s IBPS.
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Hongkongers, mainland residents embrace Payment Connect service on first day
New service operates smoothly as thousands take advantage of link between Hong Kong’s FPS and the mainland’s IBPS.