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Hongkong Post announced today (March 29) that it will join hands with China Post to introduce the reciprocal Postal Remittance Service with the Mainland as from March 30, offering customers a direct and convenient way of sending money.

Hong Kong customers can remit money to the Mainland at any of the post offices throughout the territory. Under the new service, the recipients in the Mainland can receive the remittance in either Renminbi at over 50,000 post offices or US dollars at the designated 232 post offices in the Mainland. The maximum remittance amount per money order is US$1,000. A service fee of HK$40 plus 0.5% of the remitted amount will be levied.

With over 50,000 post offices providing postal remittance service in the Mainland, the service can reach very remote places and allow recipients to cash their money orders conveniently at nearby designated local post offices.

Information leaflets on Postal Remittance Service to Mainland China are now available at all post offices. Customers can call the service hotline on 2921 2222 or visit Hongkong Post's website www.hongkongpost.com for further information.

End/Wednesday, March 29, 2000

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