Why is it more complicated to open an account in a Hong Kong bank than in the Mainland?

Opening an account in a Hong Kong bank is more complicated than opening an account in the Mainland for the following reasons:

1. In recent years, the global economic situation has been complicated and changeable, and terrorism-related activities have become increasingly rampant. The anti-money laundering situation at home and abroad is facing new challenges. In particular, this year Hong Kong will accept the international anti-money laundering assessment, and all walks of life, including banks, attach great importance to it.

2.2065438+200765438+101China Mainland and Hong Kong, China officially started to implement the new account opening procedure under the CRS framework, and exchanged information with other countries and regions for the first time in 2065438+2008, which further strengthened international tax cooperation.

3. Under the dual background of Sino-US trade war and Fed's interest rate hike, Hong Kong, as the offshore trading center of RMB, has become the first choice for capital outflow.

How to improve the success rate of bank account opening in Hong Kong?

1, as complete as possible. The information includes the list of banks to open accounts, map marks, Hong Kong and Macao passes, mainland identity cards, entry receipts, proof of address (credit card bills, although the Hong Kong Monetary Authority recently relaxed this requirement, many banks still implement the old policy) and passports.

2. gain the trust of the bank. Inevitably, some problems will be involved: in the process of opening an account, the account manager will review the account opening personnel, such as asking about the purpose of opening an account (study abroad, immigration, etc.). ), engaged in the industry, the source of funds. The vague answer will lead the bank to doubt the trust of the account holder and eventually lead to not opening an account.

These are the questions and answers that Bailey has compiled for you. I hope it helps you ~