The seven banks of Macau were approved to officially opened "cross-border finance"

The seven banks of Macau were approved to officially opened "cross-border finance"

  Xinhua News Agency, October 19th (Reporter Li Hanfang, Liu Gang) Reporter learned from the Macau Financial Administration on the 18th that Macau Bank’s list of "cross-border finance" business report has been completed, and seven banks starting from 19th. It can be officially opened. In order to cooperate with the pilot of "cross-border finance" business, the Macao HKMA has officially issued "Guangdong-Hong Kong Macau Dasan District" cross-border management rules, and clearly proposes relevant regulatory requirements. Banks that intention to carry out the "financial management" business must be officially carried out after completing the procedures in accordance with relevant regulations.

So far, there have been Bank of China Macao Branch, Bank of Communications Macau Branch, China Construction Bank Macau Branch, Guangfa Bank Macau Branch, China Merchants Yonglong Bank Macau Branch, China Industrial and Commercial Bank of China (Macau), Macau International Bank This seven banks have completed the HKMA Report procedures and ready to formally start business.

  It is understood that Macao residents can open "Northern Tong" remittors in the Macao Bank of the "cross-border finance" business, and open RMB investment in the bank’s mainland partnership to purchase the low sales of the mainland bank. Medium-risk financial products, such as fixed income classes, equity public offerings and financial products and public fundamental investment funds, etc.

  Macao residents such as the individual RMB account of the Mainland Cooperative Bank, can directly designate the account as "North Dongtong" investment; if there is no relevant account, you need to go to the Mainland Cooperative Bank to account.

At the same time, the mainland residents can be witnessed by the Mainland Cooperative Bank agent or personally go to the Macau Bank to open "Nantong" investment.

Macau Bank provides regular deposits, bonds and investment funds, including various financial products for mainland residents. The HKMA stated that "cross-border management" is a convenient measurement of the personal cross-border investment in the residents of Guangdong, Hong Kong, Macai District, promoting the important measures and innovation arrangements for the financial and financial finance in Bay Areas.

The HKMA will maintain close communication with regulators in the Mainland and Hong Kong to implement appropriate supervision to ensure smooth operation of "cross-border management" business operation.

  Bank of China Macau Branch said, China Bank Macao Branch will closely combine policies such as "cross-border finance", Hengqi Yue Australia deep cooperation zone, and resolutely support the major deployment of national practice "one country, two systems", and strive to promote the moderation of the Macao industry Diversified development, providing multi-bearing, comfortable, convenient, and robust cross-border investment experience for the personal customers of Daxan District.

In order to help Hong Kong, Macau Dasan District Financial reform and innovation, interconnection, and build the high-quality life circle for the high-quality life circle of the Taiwan District, Yiye, Yiyou.