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HSBC Among 1st Banks to Join 'Payment Connect', Offering Eligible Customers HKD10 Reward for Every HKD1K Received
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The Hong Kong Monetary Authority and the People's Bank of China announced today (20th) that the "Payment Connect" will be launched at noon on June 22 (this Sunday). Meanwhile, HSBC and ICBC (Asia) announced that they will be among the first batch of participating banks.

To celebrate the launch of the "Payment Connect", HSBC will reward eligible customers with HKD10 each time they receive at least HKD1,000 or RMB1,000 via the "Payment Connect". Rewards will be distributed on a first-come, first-served basis for a period until September 30, 2025.

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There are six institutions participating in the "Payment Connect" on each side. In Hong Kong: BOC HONG KONG (02388.HK), HSBC, HANG SENG BANK (00011.HK), ICBC (Asia), BANK OF E ASIA (00023.HK), and CCB (Asia). On the Mainland: ABC (01288.HK), BANK OF CHINA (03988.HK) (601988.SH), BANKCOMM (03328.HK )(601328.SH), CCB (00939.HK) (601939.SH), CM BANK (03968.HK) (600036.SH), and ICBC (01398.HK) (601398.SH).
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