Regulatory Alerts2014-04-02
Added · Updated
Return of Renminbi (RMB) Business Activities
The Monetary Authority of Hong Kong requires authorized institutions to submit a monthly return detailing their renminbi business activities under section 63(2) of the Banking Ordinance. The document mandates the reporting of balance sheet positions, money exchange volumes, remittance flows, credit card metrics, asset quality, and liquidity ratios for the preceding calendar month. Submissions must be filed within 21 days after the end of each reporting period to ensure regulatory oversight of RMB operations in Hong Kong.
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