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Standard Chartered Bank's New Foreign Exchange Strategy
No, Standard Chartered Bank of Hong Kong has no foreign exchange control, and the limit of $50,000 is stipulated by the mainland, so you will not occupy the limit of $50,000 when you withdraw cash in the mainland with the Standard Chartered Bank of Hong Kong. One day in the Mainland, you can withdraw the equivalent of 20,000 Hong Kong dollars, and the handling fee is 15 Hong Kong dollars. There is no handling fee for priority wealth management accounts in the Mainland.

1. Hong Kong dollars [gǐ ng yuá n] Hong Kong dollars generally refer to Hong Kong dollars or Hong Kong dollars, and are the legal tender of the people of China and the China Special Administrative Region. According to the Basic Law of the Hong Kong Special Administrative Region, the legislative autonomy of the Hong Kong Special Administrative Region includes the right to issue its own currency. Its official ISO 42 17 abbreviation is HKD (Hong Kong dollars); The sign is Hong Kong dollars.

2. 10 yuan banknotes and coins are issued by the Hong Kong Monetary Authority, and 20 yuan and above Hong Kong dollar banknotes are issued by Bank of China, HSBC and Standard Chartered Bank. At present, the denominations of banknotes in circulation are 10 yuan, 20 yuan, 50 yuan, 1000 yuan, 500 yuan, 1000 yuan, and the denominations of coins are 1 0 yuan, 5 yuan, 2 yuan, 1 yuan, 5 cents, 2 cents and/kloc. 1 yuan = 10mm = 100m. In Hong Kong, "milli" means "jiao".

3. On July 24th, 20 18, the Hong Kong Monetary Authority and three Hong Kong note-issuing banks, namely Bank of China, HSBC and Standard Chartered Bank, announced the launch of a new version of the 20 18 series of Hong Kong dollar banknotes.

4. Hong Kong has established a linked exchange rate system linking the issuance of Hong Kong dollars to the US dollar. The US dollars held by the Exchange Fund provide support for the stability of Hong Kong dollar banknotes.

Hong Kong is the third largest financial center in the world after new york and London, which makes Hong Kong dollar one of the currencies with sound system and stable value.

6. Although the history of issuing Hong Kong dollars is not long and the region is not large, its development is representative. The vast majority of Hong Kong dollar banknotes are issued by three note-issuing banks under the supervision of the Hong Kong Monetary Authority.

7. The three note-issuing banks include HSBC, Standard Chartered Bank and Bank of China, and the new purple ten-dollar bill is issued by the Hong Kong Monetary Authority. Coins are issued by the monetary authorities. Since 1983, Hong Kong has established a linked exchange rate system linking the issuance of Hong Kong dollars to the US dollar. When issuing any amount of Hong Kong dollars, note-issuing banks must pay US dollars to HKMA at the exchange rate of HK$ 7.80 to US$ 65,438 +0, and record them in the account of the Exchange Fund before printing money. In this way, the US dollars held by the Exchange Fund provide support for the stability of Hong Kong dollar banknotes.

8. It is worth noting that all patterns of Hong Kong banknotes are copyrighted. Therefore, without the permission of the copyright owner, no one is allowed to copy the pattern of paper money at will. Over the years, several institutions in Hong Kong have been sentenced to pay huge fines for using them in advertisements without the approval of banks that hold the copyright of banknotes.