PaymentLessonfromOtherCountries–ChinaHongKong课件.pptVIP

* Payment Lesson from Other Countries – China Hong Kong September 2013 Contents Introduction of RMB Business The Scopes of RMB business can be divided into TWO parts: Introduction of RMB Business Explosive growth in RMB offshore market From: HKMA, Sept 2013 Introduction of RMB Business Explosive growth in RMB offshore market From: HKMA, Sept 2013 Challenges Encountered Various restrictions exist Challenges Encountered Local payment system in China involved China National Advanced Payment System A local payment system in China Different payment message type (CMT vs SWIFT MT) Syst