Can Southbound Scheme handle foreign currency deposits and withdrawals?
Southbound Scheme only supports CNY for both transfer from Industrial Bank to ZA Bank Dedicated Investment Account and transfer from ZA Bank Dedicated Investment Account to Industrial Bank.
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Questions related to "Southbound Scheme Dedicated Investment Account" Questions related to
Are there any restrictions on transferring currencies in Southbound Scheme?Can funds in the Southbound Scheme Dedicated Investment Account be withdrawn in cash?How long does it take for Southbound Scheme remittances from Chinese Mainland to reach the Southbound Scheme Dedicated Investment Account? Is it real-time automatic crediting? Are there any remittance fees?Does my reference letter include information about my investments and Southbound Scheme?"Southbound Scheme" What are the main risks I may face when investing?
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