PANews reported on December 14 that according to China News Network, the First International Commercial Court of the First Intermediate People's Court of Hainan Province successfully transferred the litigation fees into the digital RMB account of the parties in a house sale contract dispute case. This is the first time that the court has handled a digital RMB refund for a Hong Kong party, achieving an innovative breakthrough in the field of refunds for foreign-related litigation. In the process of handling the refund for Gao, the staff of the International Commercial Court of the First Intermediate People's Court of Hainan Province conducted a comprehensive investigation of the relevant policy regulations and the specific procedures such as real-name account application and court transfer operations with the Hainan Branch of the People's Bank of China, and guided Gao to obtain a digital RMB real-name account that does not need to be bound to a domestic bank card, and finally successfully used this method to handle the refund for him.
Hainan Intermediate People's Court handles digital RMB refund for Hong Kong parties for the first time
- 2024-12-14
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