Hong Kong Bank of China Account Opening

Hong Kong Bank of China account opening advantages

Multi-currency account management

BOC Hong Kong provides multi-currency account services, supporting a wide range of international mainstream currencies including RMB, which facilitates enterprises to conduct global trade and cross-border payments, and reduces the cost of currency exchange

Efficient cross-border financial services

As a RMB clearing bank and one of the three major note-issuing banks in Hong Kong, it provides fast and convenient cross-border transfer and fund dispatch services

Financial services system

BOC Hong Kong not only provides basic account services, but also covers a full range of financial services such as loans, investment, insurance, etc. to meet the diversified financial needs of enterprises.

Customer Service Experience

BOC Hong Kong has a professional customer service team that provides 24-hour customer service support

Hong Kong Bank of China account opening conditions and requirements

Hong Kong Company Registration Documents: It is necessary to provide the West West Asia company registration documents, such as Articles of Association, Certificate of Incorporation, latest Business Certificate, Annual Returns and Incorporation Forms.

Relevant information on affiliated companies: Provide relevant information on domestic affiliated companies

Proof of director's identity: Directors are required to provide proof of identity documents, such as identity cards, passports/passports, etc.

Proof of shareholders: If applicable, identification documents of the shareholders are required.

Proof of business: Business-related supporting documents, such as contracts, invoices, etc., are required.

Hong Kong Bank of China Account Opening Required Information

1. Please indicate the date of incorporation of your company.

2. Whether the places of operation, registration and communication are the same; if not, please explain why.

3. Please provide the background of the group to which you belong (e.g. the nature of the group's business), if any.

4. Please provide information on the nature and mode of operation of the business, the target market and upstream suppliers (if applicable) and their locations.

5. Please provide the size of the company (e.g. number of employees, expected annual turnover, etc.).

6. Which banks, if any, have been the main previous correspondents.

7. Please indicate the purpose of the account, the number of times per year the account is expected to be used and the amount of transactions, the mode of trading, and the type of currency.

8. Please provide information on the wealth of the company and its sources of funding.

For companies incorporated in countries and regions other than Hong Kong, please add an additional item 9:

9. Reasons for choosing to open an account in Hong Kong;

(1) Local correspondent bank of your company or an associate of the group to which your company belongs (if applicable);

(2) Whether the business involves Hong Kong or other countries/regions, please provide details;

(3) If the principals of your company are not permanently based in Hong Kong, please indicate the mode of operation of the accounts;

(4) Whether the place of operation and communication is located in Hong Kong; if not, please give reasons;

(Content originated from the official website of Bank of China (Hong Kong):https://transaction.bochk.com/igtb/html/cj/gib_requirdFile.html?lang=zh_HK)

Bank of China Business Banking Account in Hong Kong

Bank of China (Hong Kong) is committed to providing comprehensive business financial solutions to our corporate clients. "With one-stop banking services and a wide range of exclusive privileges, the Business Banking Account provides you with the flexibility and convenience to centrally manage multiple accounts under your company's name with the Bank, including deposits, loans, trade services and investments.

Automatic Transfer Service (ATS): When the balance of the designated current account is insufficient to cover the payment of the relevant cheque, the ATS will transfer funds from other designated accounts of your company to avoid bounced cheques and unnecessary interest charges. The transfer service is only applicable to overdrafts in the current account due to the issuance of cheques, and the amount of transfer will not exceed the maximum limit as determined by us from time to time.
trade serviceBOC Corporate Internet Banking: Leveraging on our parent bank's extensive service network in Mainland China and the rest of the world, our experienced team of trade service professionals can provide you with a wide range of cross-border trade financing services to help you expand your business. In addition, BOC Corporate Internet Banking's Trade Services also provides you with import and export services, repayment and letter of guarantee services.
E-banking services at your fingertips: BOC provides safe and secure e-banking services to help you manage your finances anytime, anywhere.

Post Maintenance of Bank Accounts in Hong Kong

1. Keeping accounts active: Bank accounts should be guaranteed to have a certain amount of deposits and avoid prolonged periods of inactivity or delinquent fees. At the same time, the account should be kept "active" to avoid being canceled after more than three months of inactivity.

2. Avoid large lump sum deposits and withdrawals: Deposits or withdrawals of large sums of money, especially in United States dollars, may be categorized as "black accounts". Therefore, the movement of funds in the account should be properly controlled.

3. Update contact information: Ensure that the contact information given to the bank is up-to-date and respond to the bank's e-mails in a timely manner in order to maintain good communication with the bank.

Hong Kong company account opening related services

Offshore bank account opening

Provide global offshore bank account opening services to help enterprises realize the free flow of funds and expand the international market.

Hong Kong Bank Account Opening

Full guidance to enterprises to complete the Hong Kong bank account opening process, providing a number of banks to choose from, help enterprises quickly access to financial services

U.S. Bank Account Opening

Provide professional U.S. bank account opening services for enterprises to help them expand the North American market and enjoy convenient financial services.

Singapore Bank Account Opening

Provide Singapore bank account opening services to help enterprises enter the Southeast Asian market and enjoy high-quality financial services

Hong Kong HSBC account

Professional guidance to enterprises to complete the HSBC bank account opening, enjoy the world's leading financial services

Citibank Hong Kong

Provide corporations with Citibank account opening services to enjoy efficient and convenient financial services

Hang Seng Bank Account Opening

Assisting enterprises in completing the opening of Hang Seng Bank accounts, helping them to obtain high-quality financial services

Standard Chartered Bank Account Opening

Provide enterprises with Standard Chartered Bank account opening services, enjoy comprehensive financial services and help globalization development