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BOC HONG KONG: No. of CN Southbound Clients Rises by 40% as of End-Sep
The number of its Chinese Southbound clients increased by 40% YoY as of the end of September, while the number of accounts opened and the total remittances under the Northbound Tra...
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BOC HONG KONG: No. of CN Southbound Clients Rises by 40% as of End-Sep
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The number of its Chinese Southbound clients increased by 40% YoY as of the end of September, while the number of accounts opened and the total remittances under the Northbound Trading and Southbound Trading also continued to grow, BOC HONG KONG (02388.HK)  +0.350 (+1.386%)    Short selling $43.07M; Ratio 18.254%   said.

BOC HONG KONG launched the account opening service for Mainland Chinese visitors this year, which allows Mainland Chinese visitors to open a Hong Kong bank account through mobile banking, BOC HONG KONG added.

Related NewsHSBC Global Research Prefers BOC HONG KONG (02388.HK) Among HK Banks for Cheap Valuation
Since then, the use volume rose steadily, reflecting that there is a certain degree of demand for cross-border digital financial services from customers in China and Hong Kong.

Looking ahead, BOC HONG KONG will further strengthen its technology integration, focusing on the use of AI in enhancing the scale and efficiency of its services, and will further deepen the application of cloud technology and big data, so as to improve decision-making and customer service quality.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-10-18 16:25.)

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