On Saturday, November 29, 2025, China’s top financial watchdog—the National Financial Regulatory Administration (NFRA)—pledged strong backing for relief efforts in the Hong Kong Special Administrative Region following a deadly residential fire.
In a notice posted on its website, the NFRA urged Chinese-funded banks and insurance companies in Hong Kong to open green channels and streamline procedures 🤝. The goal is to ensure victims can access emergency cash withdrawals, replace bank cards and passbooks, and settle insurance claims without delay.
Authorities in Guangdong Province and Shenzhen City have also been called on to team up with Hong Kong institutions. Thanks to their geographic proximity 🌍, they can quickly allocate resources and boost the efficiency of disaster relief services across the border.
The blaze broke out at Wang Fuk Court in Tai Po this Wednesday afternoon, tragically claiming 128 lives 🕯️. It stands as one of the most devastating residential fires in recent memory, and communities are rallying together to support those affected.
This rapid financial response highlights how cross-border cooperation can ease hardships and help survivors rebuild. For many victims still coping with loss, every streamlined claim and fast cash withdrawal can make a world of difference 💪.
Reference(s):
China's top financial regulator vows strong backing for HK fire relief
cgtn.com
