Many people convert their oil trading income in Hong Kong into RMB, hoping to remit the proceeds from Hong Kong oil sales in the mainland to their bank accounts in the mainland in the form of RMB.
However, they want to withdraw funds in Hong Kong and bring them back to the mainland smoothly, but they face practical obstacles.
Hong Kong's legal provisions and the mainland's foreign exchange control policies have jointly woven a tight network that restricts the free flow of funds. Even through legal channels, the amount of funds that can be transferred back to the mainland is strictly limited to the upper limit set by the mainland.
For individuals, it is undoubtedly a difficult task to withdraw large amounts of funds in Hong Kong and transfer them back to the mainland. The red lines of the law and the barriers of the policy make this vision unattainable.
We have to face this reality: under the current regulatory framework, it is difficult for individuals to overcome many obstacles and realize the free flow of funds between Hong Kong and the mainland.
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