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What is RMB Current Account?

April 26, 2017account RMB

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What is RMB Current Account?

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RMB Current Account is a newly launched service for the second phase of RMB Services, which facilitates personal customers in Hong Kong to pay for spending expenditure by cheque in Guangdong Province, including Shenzhen. RMB cheque payment is generally accepted by the merchants in retail, travel and entertainment sectors. Therefore, neither cash withdrawal nor exchange from the RMB Current Account is allowed in the banks in Hong Kong. Q14.