The People's Bank of China has announced support for commercial banks to establish a green channel for cross-border RMB donations to aid disaster relief efforts in Hong Kong. This initiative aims to expedite the transfer of funds following the Tai Po fire, ensuring that domestic donations reach the affected areas without delay. Commercial banks are permitted to bypass the usual document review process and directly transfer funds to the Tai Po Hung Fook Yuen Assistance Fund account, based on instructions from domestic entities or individuals. This measure is part of broader efforts to support search and rescue operations and post-disaster recovery.