Requirements: I went to Hong Kong to get an HSBC one debit card, how to transfer money from the mainland to the Hong Kong bank card through "Cross-border Payment Connect"? Currency support: Renmin Coin and Hong Kong Dollar.
Cross-border payment connect
Cross-border payment connect is another important measure of the Central Government to support Hong Kong's development and people's livelihood, and promote cooperation between the Mainland and Hong Kong
The People's Bank of China and the Hong Kong Monetary Authority jointly promote the interconnection of the Mainland and Hong Kong's FPS systems to provide real-time cross-border payment services for residents and institutions of the two places.
The participating organisations of the two places have launched the service to the public in June 2025. On June 22, 2025, Cross-border Payment Connect will be put into operation. As of July 22, the number of participating banking institutions in the cross-border payment connect has expanded from the first batch of 12 to 19, including 13 Hong Kong institutions, including Airstar Bank, Bank of China Hong Kong, Bank of Communications Hong Kong, Bank of East Asia, CNCBI, CCB Asia, Chong Hing Bank, CMB Wing Lung Bank, Hang Seng Bank, HSBC, ICBC Asia, Nanyang Commercial Bank, Shanghai Commercial Bank, and 6 mainland institutions including ICBC, Agricultural Bank of China, Bank of China, Bank of China, CCB, Bank of Communications and China Merchants Bank.
Seconds and zero fees
Take ICBC as an example, open the ICBC APP and clickTransfer - > Cross-border remittance - > Cross-border payment Connect, as shown in the figure below:
Fill in the payee information according to your actual situation, as shown in the figure below:
The test passed ICBC's transfer to HSBC through cross-border payment connect, whether it is a name currency or Hong Kong dollars, basicallyIt will arrive in about 3 secondsFinish. As shown below:
frequently asked questions
Handling fee issues: Currently free of charge, remit as much as you receive.
Remittance quota issues: Whether it is the remitter's name currency or Hong Kong dollar, it will occupy a personal foreign exchange purchase quota of 50,000 US dollars per person per year.
Reference:
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Posted on 2025-9-20 21:39:20
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Landlord|
Posted on 2025-9-20 21:42:24
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