Why do I recommend you to apply for a Hong Kong account?

Of the world's top 100 banks.Over 70 are operating in Hong KongMore than 29 multinational banks have their regional headquarters in Hong Kong.

that there were over 258,000 financial employees in Hong Kong in 2017, accounting for nearly 71 TP3T of Hong Kong's working population and about 191 TP3T of Hong Kong's gross domestic product.Hong Kong is the largest international fund management center in Asia.

Meanwhile.About two-thirds of China's inward and outward investment.All of them are conducted through Hong Kong. Hong Kong's banking market is more open and free, and its management is standardized, which also attracts many mainland investors to scramble to open bank accounts in Hong Kong.

Today, let's learn more about the advantages and main uses of bank accounts in Hong Kong.

01

Advantages of Hong Kong Bank Accounts

Hong Kong account can help applicants to solve all kinds of problems in daily use, which is the best assistant for investment and finance, travel and vacation, daily consumption.

1. No foreign exchange controls to facilitate the movement of funds

Hong Kong's banking system is closely linked to major financial markets around the world, and opening a bank account in Hong Kong allows you toConveniently realize cross-border fund transfers, remittances and receipts(math.) genuswithout being subject to the Mainland's exchange control.You can also use your Hong Kong bank card to withdraw cash from ATMs worldwide or use e-payment methods for online or offline purchases.

2. Multi-currency accounts

Hong Kong bank accounts canStoring and using multiple currencies, including Renminbi, Hong Kong Dollar, US Dollar, Euro, Pound Sterling, etc. You can flexibly convert different currencies in accordance with exchange rate changes or keep a certain percentage of foreign exchange reserves to cope with future needs or risks.

3. Diversified investment choices

Hong Kong's financial markets haveA wide range of investment productsThese include stocks, funds, bonds, futures and options, etc. Through a bank account in Hong Kong, investors can easily access and invest in these diversified assets to realize wealth enhancement.

In addition, Hong Kong's financial markets areA wide range of investment instruments are availableThe company's products are designed to meet the needs of investors with different risk preferences, such as leveraged trading and margin trading.

4. Efficient financial services

Hong Kong's banking system is known for its efficiency and professionalism.By opening an account in Hong Kong, customers can enjoy 24-hour round-the-clock banking services, including online transfers, payments and inquiries. In addition, Hong Kong banks also provide a variety of corporate banking services, such as trade finance and letter of credit opening, to help companies better manage their capital flows.

5. Stable political and economic environment

As one of the safest investment destinations in Asia and the worldHong Kong's investment environment attracts investors from all over the world. Investors who open bank accounts here can enjoy a stable and secure financial environment, while the financial system in Hong Kong gives investors the opportunity toExtremely high rate of return.Moreover, Hong Kong banks provide more robust services for the safety of customers' funds.

6. Favorable tax rates and tax regimes

Hong Kong is known for itsLower tax ratescap (a poem)tax regimeAttracting both corporate and individual investors, investors who open a Hong Kong bank account can enjoy low rates of personal income tax and corporate income tax, effectively reducing tax burden and increasing profitability.

As the global economy grows and the profitability of individuals and businesses demands more financial services, opening a bank account in Hong Kong offers more choices and possibilities.

02

Main Uses of Banks in Hong Kong

1. Hong Kong stock investments

After opening a personal account with a Hong Kong bank, you canFreedom to invest in financial products such as stocks, funds and options in Hong Kong.Hong Kong has a wide range of financial trading products and flexible and diverse trading rules.

2. Offshore asset allocation

Meet the needs of Mainland high net worth individuals inOverseas investment and property purchase, immigration and study abroadand other requirements.

3. Purchase and renewal of Hong Kong insurance

There is a wide range of insurance policies in Hong Kong, and the amount and scope of benefits payable are higher than those of similar insurance policies in the Mainland.Savings-type insurance dividend income is also higher than that of the Mainland.

4. Free receipt of foreign currency

Relative freedom of foreign exchange payments and conversionsIt is very convenient for individuals to buy, sell, transfer money, pay school premiums, make financial investments and other income and expenditures.

5. Avoidance of exchange rate risk

use forForeign exchange savings, exchange rate risk avoidance, realizing the preservation of assets.

If you also want to apply for a Hong Kong bank account, please feel free to contact Timeless Group for more details!