Why do recipients use Hong Kong bank cards?

Recipients use Hong Kong bank cards because Hong Kong bank cards have the following advantages:

1, which is convenient for investing in Hong Kong stocks. Compared with A-shares and stocks, Hong Kong stocks have richer trading varieties and more flexible trading rules (such as T0), which is very suitable for domestic investors to hedge A-shares reasonably.

2. There is no foreign exchange control. Hong Kong banks are different from mainland banks. Customer's Hongkong and offshore account are equivalent to accounts opened in overseas banks. Funds can be freely transferred from Hongkong and offshore account without domestic foreign exchange control.

3. Allocation of overseas assets. Some people in Chinese mainland often allocate overseas real estate, real estate, overseas investment and overseas immigration projects through overseas personal accounts in Hong Kong, and these activities need the support of Hong Kong bank accounts.

4. Buy insurance. There are also some mainlanders in Hong Kong Insurance. They are interested in the advantages of various insurances and high dividends in Hong Kong. To buy insurance in Hong Kong, you need to pay the insurance policy and related accounts in Hong Kong.

5. You can open online banking for trading. After opening a bank account in Hong Kong and opening online banking, you can conduct online transactions anytime and anywhere as long as you log in to online banking. In other words, after the opening of online banking, Hong Kong bank accounts can be controlled at home and operated overseas, which is very convenient for future business operations of domestic enterprises.

6. All currencies are freely convertible. It is convenient to use cash business in local bank accounts in Hong Kong and accept foreign currency. Whether it is recorded or paid, it is free, generally not subject to foreign exchange control, and Hong Kong bank accounts can freely deposit and withdraw cash.

7. Individual self-employed individuals receive foreign exchange. Personal SOHO engaged in import and export trade needs to have an account that can be exempted from domestic foreign exchange control and foreign funds can be freely received and paid to meet daily business needs.