In general, it is not difficult or even simple for non-Hong Kong residents to open an account in Hong Kong at this stage.
Especially after the announcement of the development plan of the Greater Bay Area, banks in Hong Kong have gradually formulated preferential account opening policies for mainland residents to promote economic, financial and commercial exchanges between the two places (mainly to promote the growth of bank performance). The account opening materials and procedures are very simple, generally need to make an appointment two or three days in advance, carry a pass (valid within 6 months), ID card (the address on the ID card cannot be a collective address), and the entry strip (non-Hong Kong resident entry You will get the entry strip). The entire account opening process is between 30 minutes and 1 hour. Except for the outdoor opening on Saturday morning, you can basically get the card on the spot.
Why don’t many people know it, because many channels are open to various cooperative institutions of the bank, such as some financial institutions and medical institutions, so it is normal for individuals not to know. But generally speaking, even without these channels, it is not complicated for individuals to open an account in Hong Kong.
The trouble we encountered when opening an account was nothing more than insufficient funds (this is nonsense, if I am willing to save more money, where can I not open an account?); or the materials are not prepared enough, such as opening an account in Hong Kong The famous big killer-proof of address. In fact, the Hong Kong Monetary Authority has long required to cancel the address certificate as an account opening certificate, so now when we are asked by an account manager to issue an address certificate when opening an account, this is actually an artificial setting of their branches. This is an artificial setting of each branch, not a requirement of the head office. Each bank branch in Hong Kong has considerable independence; or the account opening reason is insufficient. There are not enough reasons for opening an account. This is really a metaphysics. What is the reason for not opening an account? In fact, it is simply that the account manager does not want to open an account, so he just stumbles a few words.
Therefore, if we do not want to save more money in a Hong Kong bank account, we want to open a general bank account (Hong Kong retail bank 1W, 20W, 100W bank account, the function and service, the difference is really not much). Then we mainly solve the following two problems, that is, prepare the account opening materials and account opening reasons.
At present, the general requirements for opening accounts are nothing more than ID cards, passports, entry strips, proof of addresses (all types of documents with their names and addresses issued by banks, governments and other institutions within three months), and bank accounts (three Monthly or semi-annual running slips, preferably a salary card), the most additional is the real estate certificate, business card. For the mainland residents, the most difficult thing to do is the proof of address, so it is basically OK to solve this problem. Now the easiest way to prepare the proof of address is the credit card bill. We just need to call the credit card center and ask them to print the address on the credit card bill and send it in paper form. In addition, some banks can print the address on the slip, so you can get the slip and address proof in one go.
As for the reasons for opening an account, I personally tried it better,
1) The child at home is American/nationality, it is convenient to open a Hong Kong account to save money for ta, and will consider buying some funds/stocks/insurance
2) Want to open a securities account in a bank to speculate in US stocks and Hong Kong stocks, invest in related funds, and do overseas asset allocation
3) If you want to open an account to deposit foreign currency every year, you will consider doing some funds/stocks/insurance
Also need to pay attention to some related matters when opening an account,
1) During the process of opening an account, you may be asked about current assets and monthly income. Don’t answer too ridiculously.
2) During the process of opening an account, you may be asked how many times a year the funds go in and out of this account. Don’t say too much, or don’t say too little. It is more appropriate to operate two or three times a year.
3) During the process of opening an account, you may be asked where the tax resident is. Try to declare that you are a mainland tax resident. If you are indeed an overseas tax resident and declare it, the procedures will be more troublesome, especially for US residents or green card holders.
In addition, you need to make an appointment in advance to open an account in a branch of some banks. You can call in advance to make an appointment, such as certain branches of HSBC, ICBC Asia, and China Merchants Wing Lung.
Finally, some banks may not be able to open a 1W account, so you can actually open a 20W account directly, and then apply for a downgrade later (don’t mention this when opening an account).
