Why do so many enterprises mainly open accounts in Hong Kong banks? Are there any benefits?

For entrepreneurs and foreign traders who cooperate with foreign customers, most of them will choose to open accounts in Hong Kong banks.

The advantages of opening an account in a Hong Kong bank are as follows:

1, online banking is easy to operate overseas and funds are free to enter and leave;

2. Hong Kong has no foreign exchange control, so it is easy to receive foreign payments;

3. You can buy overseas wealth management products, such as investment;

4. gain the trust of more foreign customers and enhance the company's image;

5. Reasonably reduce or exempt taxes and put more funds into reproduction;

6. Avoid exchanging CRS information in the form of purchasing real estate;

7. It is convenient to accept international investment.

Tips: The above information is for reference only.

Reply time: February 2, 20221. Please refer to the latest business changes announced by Ping An Bank in official website.