Taiwan(China) Bank Hong Kong Branch starts RMB business

Hong Kong, January 28 (Xinhua) Taiwan(China) Bank Hong Kong Branch officially began to handle the renminbi business, including retail banking and cross-border trade settlement, as the first-funded bank to operate renminbi business in the HKSAR. The Hong Kong branch of Taiwan(China) Bank said it could offer renminbi deposits, exchange, remittances and trade settlement from 28th onwards. According to the relevant regulations of Hong Kong, as long as the Hong Kong identity card is held in the retail banking business, any individual may apply for renminbi deposit business in the Hong Kong branch of the Bank of Taiwan(China), and in the settlement of the Cross-border trade renminbi, any enterprises outside the mainland engaged in cross-border trade with pilot enterprises in the mainland  can open a renminbi trade settlement account in the Hong Kong branch of the Bank of Taiwan(China), and transact business such as RMB cash deposit, exchange deposit, trade payment deposit, trade payment and remittance under trade settlement.  Taiwan(China) Bank Hong Kong 28th afternoon to accept a reporter telephone enquiries, said that the bank had to undertake the first single renminbi retail banking business, for customers opened a renminbi deposit account. Taiwan(China) Bank Hong Kong Branch said the cross-strait trade exchanges increased, the bank opened renminbi business is to serve , but also for cross-strait trade and Finance opened a new page.