INSUBCONTINENT EXCLUSIVE:
China’s central bank is launching a new connect programme with Hong Kong to facilitate cross-border payments – Beijing’s latest move
to open up its financial sector and also leverage the southern financial centre to better connect with the rest of the world.
The Payment
Connect programme will link the mainland’s Internet Banking Payment System and Hong Kong’s Faster Payment System (FPS), allowing users
to make payments and wire money faster and more conveniently.
The programme will begin on...
