Financials Nov 25, 2020 11:26 AM (GMT+8) · EqualOcean
In June, the people's Bank of China, the Hong Kong Monetary Authority and the Macao monetary authority jointly issued a joint announcement on the pilot business of "cross border financing link" in Guangdong, Hong Kong and Macao. Today's "policy address" will finally have the time for the implementation of cross-border financial service, which will be implemented by the end of the year. The HKMA has indicated earlier that it will finalize the implementation details as soon as possible in accordance with the framework and strive to start the financial link as soon as possible. The Hong Kong Banking and fund industry also welcomed the framework.

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