Rebecca Moen
January 2, 2025 05:43
The Hong Kong Monetary Authority encourages electronic laishi to promote sustainability for Chinese New Year 2025 through a new banknote exchange service.
As the Lunar New Year approaches, the Hong Kong Monetary Authority (HKMA) has announced measures to facilitate the exchange of new banknotes and new notes in time for the festive season. The HKMA is collaborating with the three note-issuing banks – The Hongkong and Shanghai Banking Corporation Limited, Standard Chartered Bank (Hong Kong) Limited and Bank of China (Hong Kong) Limited – to issue these notes from January 14 to January 28, 2025. provides. , according to the Hong Kong Monetary Authority.
Encourage e-rice
To encourage sustainable practices, the HKMA is urging the public to consider using electronic channels such as quick payment systems, online banking or e-wallet services to deliver rici. The initiative aims to reduce consumption of physical red packets and paper notes. Various banks and electronic payment operators are expected to launch promotional programs to encourage the use of electronic licenses.
Preparing to exchange banknotes
Banknote issuing banks have implemented a number of measures to ensure a smooth banknote exchange process. These include:
- Beginning January 14, 2025, banking hours dedicated to banknote exchange will be extended from 8:00 AM to 9:00 AM for the first three days of the service period.
- We offer an online reservation service for new and as good as new notes, with further details to be announced by individual banks soon.
- Implement crowd management strategies, including physical ticket distribution and queue management where necessary.
Advice for cash users
The HKMA advises those who prefer cash to check their stock of existing banknotes, such as new or new ones, at home before visiting the bank. There is no urgency to exchange notes at the start of the servicing period as the Bank makes every effort to maintain adequate supply throughout the servicing period.
HKMA’s efforts to promote electronic raisi are in line with its wider sustainability goals, providing a modern and eco-friendly option for traditional cultural practices during Chinese New Year.
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