Central bank raises daily Macau remittances cap to same-name mainland accounts
BEIJING – The People’s Bank of China (PBOC) has further facilitated individual cross-border yuan remittances in Macau.The bank will raise the daily cross-border remittances limit on yuan transfers by individuals from Macau to mainland accounts under the same name to 80,000 yuan from 50,000 yuan, according to a PBOC statement on Wednesday.The move, approved by the State Council, is conducive to meeting the renminbi clearing demand of Macau residents and facilitating trade and economic as
December 20, 2019 | BY admin