‘Cross-border e-commerce has emerged as a driving force of mainland China’s external trade, recording year-on-year growth of nearly 12 per cent in export value in 2022,” said HSBC’s Frank Fang. Photo: Shutterstock Images
HSBC, Bank of China (Hong Kong) push digital payment services as border reopening promises e-commerce boost
- HSBC launched a new platform that allows corporate customers to accept payment in one of six foreign currencies in a much shorter time
- BOCHK saw cross-border digital payments between Hong Kong and the mainland increase by 40 per cent in the first two weeks after the border reopened
‘Cross-border e-commerce has emerged as a driving force of mainland China’s external trade, recording year-on-year growth of nearly 12 per cent in export value in 2022,” said HSBC’s Frank Fang. Photo: Shutterstock Images
