The State Administration of Financial Supervision and Management: Hong Kong and Macao Banks' Mainland Branches Begin Practical Engagement in Bank Card Business
2025-08-30 / Read about 0 minute
Author:小编   

A significant breakthrough has been achieved in the financial reform and innovation initiatives of the Guangdong-Hong Kong-Macao Greater Bay Area. Pursuant to the latest CEPA agreement, mainland branches of Hong Kong and Macao banks are now permitted to commence operations in the bank card business. With the completion of the necessary legal revisions, this initiative has officially commenced its practical implementation phase.