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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Nov. 29 (Xinhua) — China's National Financial Supervision Administration (SFSA) on Saturday pledged to guide the country's banking and insurance sectors in expediting financial services and support relief and recovery efforts following a fire at a residential complex in the Hong Kong Special Administrative Region (HKSAR).
In a notice on its website, the agency called on relevant insurance companies to conduct a thorough assessment of their businesses and offer their services proactively to resolve claims of customers who have suffered losses.
The FSNC also said that banks with capital from China's mainland in Hong Kong should step up financial services to help affected customers overcome difficulties.
The notice states that Hong Kong-based banks and insurance companies with equity interests in mainland China should promptly take emergency measures according to the actual situation, establish "green corridors" and simplify relevant procedures to meet the urgent financial needs of those affected, including urgent cash withdrawals, reissuance of bank cards and passbooks, and settlement of insurance claims.
In addition, the FSNC has instructed financial authorities in Guangdong Province and its southern city of Shenzhen to provide guidance to local banking and insurance institutions to leverage the advantages of geographical proximity, promptly allocate resources, and jointly improve the efficiency of disaster response services.
A deadly fire broke out at the Hongfuyuan residential complex in Dabu County, Taipou, Hong Kong Special Administrative Region, on the afternoon of November 26. The tragedy claimed the lives of 128 people.
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