Due to its advantages such as low tax rates and regional taxation, Hong Kong has become a preferred destination for mainland residents to allocate overseas assets. For the convenience of investment and financial management or other reasons, the demand for opening bank accounts in Hong Kong from mainland friends is increasing day by day! However, for the "newbies" who go to open an account in Hong Kong, they have to go back and forth several times but still can't get it done. They feel exhausted both physically and mentally, and their wallets have been emptied. What's going on? Where exactly is the difficulty here? Where is the mistake?

Here, HK Shengshi United Business Consulting Co., Limited has compiled a 2025 Hong Kong Bank Account Opening guide for everyone to help you obtain a card easily.

What are the advantages of having a bank account in Hong Kong?

There are simply too many benefits to having a bank account in Hong Kong! Here are seven simple points listed:

1. Convenient for investing in Hong Kong stocks

Compared with A-shares, Hong Kong stocks have A more diverse range of varieties and more flexible rules (such as T+0). It is very suitable for domestic investors to make reasonable hedging of A-shares.

2. Personal SOHO foreign exchange collection

Individual SOHO individuals engaged in import and export trade need to have an account that is not subject to domestic foreign exchange control and allows for the free inflow and outflow of overseas funds to meet their daily business needs.

3. Overseas asset allocation

High-net-worth individuals from the Chinese mainland who use accounts outside Hong Kong for overseas property purchase, real estate, overseas investment, Hong Kong insurance, study abroad and other projects need to carry out overseas asset allocation.

4. Don't put all your eggs in one basket

The US dollars and Hong Kong dollars in the account were used to hedge against the depreciation of the RMB.

5. There are no restrictions on deposit interest rates or types

The deposit interest rates and types of Hong Kong accounts are not subject to domestic regulatory restrictions. They are more favorable than similar deposit rates of overseas banks and offer flexible deposit and withdrawal options. Especially for large deposits, it can be customized according to the customer's needs in terms of interest rate, term and other aspects, which is flexible and convenient.

6. Reasonable tax avoidance

The interest earned from offshore deposits is exempt from deposit interest tax, making the actual net income from offshore deposits more considerable.

7. Enhance the comprehensive operational efficiency of domestic and foreign funds

We can fully utilize the all-round service features of Hong Kong banks, which can provide onshore business while also having the functions of overseas banking business, to reduce the comprehensive cost of funds, accelerate the turnover of domestic and overseas funds, and improve the efficiency of fund utilization.