What if the outward remittance is sent on a holiday in the beneficiary’s country while in Hong Kong it is a business day?
Our Bank will send out the payment instruction to the beneficiary bank as usual except CNY remittance which is subject to the operation and practice adopted by the RMB clearing bank / Mainland correspondent bank. It will not be processed by the RMB clearing bank during holidays in China (e.g. Labour Day, National Day).The payment will not be sent out until the following business day of both Hong Kong and Mainland China.
