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Why is it so difficult for mainlanders to open accounts in Hong Kong banks?
There are three reasons. 1. Due to the financial influence of the Federal Reserve, in many cases, Hong Kong is the main source of capital and foreign exchange. Many companies registered in Hong Kong to make money in the Mainland remit their funds to other countries before they finish making money.

2. The international forms are changeable. The money laundering activities involving terrorism in Hong Kong, a big Asian port, are rampant, and the Hong Kong government is also very strict.

3. Since the tax system in the Mainland is connected with Hong Kong, we must take strict precautions to avoid tax evasion in the Mainland to Hong Kong.

The policy of cracking down on money laundering, tax evasion and evasion of foreign exchange issued by the local government in Hong Kong is the core problem for mainlanders to open accounts in Hong Kong.

So how to solve it?

On-site account opening:

1. Go to the counter in Hong Kong and open an account directly. You may have incomplete information. Go to the lobby first with all the documents you need. 1. Mainland resident identity card.

2. Hong Kong and Macao Pass.

3. A statement with the address and name of the account holder as the supporting document (within 3 months)?

4. Customs clearance receipt.

Some banks need proof of address. Get these things ready first.

I'd like to recommend several other banks in Hong Kong with uncomplicated procedures: HSBC, Standard Chartered Bank, Citibank, Hang Seng Bank and Wing Lung Bank.

Online account opening: You can also choose a bank witnessed by a mainland bank to open an online account: the first eight banks can witness accounts in the mainland: ICBC, CCB, BOC, Hang Seng, Minsheng, HSBC, Wing Lung and China Merchants. ICBC is relatively simple, and directly chooses online banking login → personal finance → interbank finance → ICBC Financial Asia Witness.