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Can currency exchange be conducted via the RMB trade settlement account?

April 26, 2017account conducted currency exchange RMB Trade

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Can currency exchange be conducted via the RMB trade settlement account?

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Yes, you may exchange RMB into HKD or other currencies (in notes or as deposit). However, for the exchange of HKD or other currencies to RMB, you can only exchange up to the amount of the actual trade transactions with the MDEs.