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PBOC and HKMA sign MOU on cross-boundary linkage of payment systems

They also exchanged views on financial co-operation between the Mainland and Hong Kong.     

People's Bank of China Deputy Governor Lu Lei and Hong Kong Monetary Authority Deputy Chief Executive Howard Lee signed a Memorandum of Understanding to link payment systems between Mainland and Hong Kong on 2 August.

The MOU aims to establish a cooperation framework for the linkage.

The two also exchanged views on a range of topics including financial co-operation as well as pushing forward the linkage of fast payment systems.

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