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South China Morning Post
07-07-2025
- Business
- South China Morning Post
Cross-border remittance risk management tips for Hongkongers
Feel strongly about these letters, or any other aspects of the news? Share your views by emailing us your Letter to the Editor at letters@ or filling in this Google form . Submissions should not exceed 400 words, and must include your full name and address, plus a phone number for verification I refer to 'Mainland China, Hong Kong launching Payment Connect scheme to facilitate capital flows' ( June 20 ). Hong Kong residents can now transfer funds to the mainland quickly and at lower costs. However, beneath this convenience lies a new regulatory landscape that requires careful attention. While many may assume that only capital outflows from the mainland are tightly controlled, inbound funds – including those from Hong Kong – are increasingly monitored with the same intensity. Hong Kong residents should understand that all cross-border remittance data is now immediately accessible to the mainland authorities. AI-driven systems have been designed to detect abnormal financial patterns, trace fund sources and enforce supervision. To mitigate regulatory risks, it is crucial to ensure that all remittances are legitimate, well-documented and clearly justified. Priority should be given to straightforward, low-risk transfers such as living expenses, family support, medical costs or tuition payments. Consistency is key. Avoid frequent, small-value transfers that might resemble attempts to circumvent annual remittance limits. Large single transfers may be safer if fully within the regulatory limit and backed by transparent documentation.
South China Morning Post
26-05-2025
- South China Morning Post
Hongkongers visiting Japan in April rise by more than 40%
The number of Hong Kong tourists travelling to Japan last month has increased by more than 40 per cent compared with last year, reversing the downward trend after two months. But tour operators on Monday were hesitant to link the increase to more Hongkongers wanting to visit the country ahead of a rumoured mega-earthquake in July, with one operator being 'cautiously optimistic' about tour demand in the coming summer peak season. The country welcomed 263,600 Hong Kong residents in April, a 42.9 per cent jump from the 184,460 visitors last year, according to data from the Japan National Tourism Organisation (JNTO) released on Friday. Hong Kong residents visiting Japan in February and March dropped by 5 and 9.9 per cent year-on-year, respectively, which the organisation attributed to major holidays such as Lunar New Year and Easter falling on different months this year. From January to April, the cumulative total of Hong Kong visitors reached 911,200, a 12.8 per cent increase from the same period last year. The JNTO attributed the rise in visitor numbers to the new route from Hong Kong to Komatsu in Ishikawa prefecture and the resumption of flights to Ishigaki in Okinawa prefecture.
