In fact, it is very simple to open a bank account in Hong Kong. The editor below will take you to find out, I hope it will be helpful to you.
(1) How to open a Hong Kong stock account
1. The account opening process at the counter of a traditional securities firm’s business department:
Prepare materials: ID card proof, address proof, bank card a copy.
1. Proof of ID card: A duplicate copy of the ID card or a copy of the passport is acceptable.
2. Copy of bank card: Copy the front and back of the bank card and then sign the copy.
3. Proof of address: Proof of address issued by the property management company, or documents such as personal credit card statements, water and electricity bills, gas bills within three months that can prove your address.
Steps:
1. Bring account opening information to the counter of the securities firm’s sales department and fill out the account opening form. You can choose between a cash account and a margin account (a margin account is an account that can be used for stock mortgage)
2. Account opening information (copy of ID card, proof of address, account opening form) will be couriered by the staff at 5pm every day to the Hong Kong headquarters.
3. In about three days, you will receive an information confirmation call from the Hong Kong company employee of the securities firm. If there are any errors or deficiencies in the form, they will also be explained on the phone. If everything goes well, Just go to the next step.
4. I will receive an email in a few days. The email contains the account information and password, indicating that the account has been opened successfully. You only need to follow the prompts to remit money and you can trade Hong Kong stocks.
5. After the account is successfully opened, China Merchants Hong Kong Company will open a trust account (for fund custody) in your name at Standard Chartered Bank in Hong Kong.
2. One-stop online way to open a Hong Kong stock account:
Take Futu Securities as an example. The specific process is as follows:
1. Register an account: and fill in the Personal information
2. Risk disclosure: Fill in your personal stock trading experience
3. Video witness: Print the account opening form and use QQ video to witness.
4. Mailing information: Mailed by SF Express collect. (About three days)
5. Successful account opening: After receiving the information, it is reviewed and approved, and the account is opened successfully.
(2) Hong Kong stock account opening process
1. Hong Kong stock account opening process
(1) Information required for Hong Kong stock account opening
Copy of ID card (front and back sides on one piece of paper), and the customer's signature is required.
(2) Fill in the application materials
After investors prepare the information required for opening a Hong Kong stock account, they fill in the application materials.
Hong Kong’s securities institutions attach great importance to the validity of investors’ signatures, so the handwriting of investors’ signatures on applications must be highly consistent.
(3) Wait
After investors fill out the account application form, they cannot immediately obtain a Hong Kong stock account. This is because the Hong Kong stock account is opened in Hong Kong. This process usually takes about 7-10 working days.
(4) Receive account information
After 7-10 working days, customers will receive emails one after another.
The content of the password letter is the customer’s initial login password and transaction password for online transactions. After receiving it, the customer should log in and modify it in time.
When the customer receives an email, it means that the application for a Hong Kong securities account has been successful and they can start investing in the Hong Kong securities market through online trading or telephone entrustment trading.
(3) What institutions can currently open Hong Kong stock accounts?
With the popularization of the Internet, it is now very convenient to open a Hong Kong stock account, whether it is a traditional financial institution or securities firm or the Internet Brokerages have gradually implemented Internet-based account opening, and even mainland investors can complete all account opening procedures through the Internet without having to go to Hong Kong in person to go through various complicated procedures. It is understood that institutions with good credit standing and that have opened direct online account openings include Guojing Securities, Guosen Securities (Hong Kong), Futu Securities, Guodu Securities Hong Kong, Hong Kong Yaocai Securities, and Interactive Brokers.
The following institutions can make an appointment to open an account online: First Shanghai Securities, GF Securities Hong Kong, Bank of Communications International, China Merchants Securities (Hong Kong), Essence Securities International, Guotai Junan (International), CITIC Securities International, Yuexiu Securities, CITIC Jiantou Hong Kong, Haitong International Securities, CASH Financial, Guodu Securities (Hong Kong), Sun Hung Kai Financial, Prudential Securities, Guoyuan Securities (Hong Kong), Quam Jialuo Securities, Everbright Securities Hong Kong, Shenyin Wanguo (Hong Kong), Yao Cai Securities, Future Securities, ICBC International, KGI Securities, Golden Way Investments, and Bank of China International.
Currently, securities firms such as CITIC Securities, Haitong Securities, Guotai Junan, Shenyin & Wanguo, CITIC Construction Investment, Ping An Securities, Huatai Securities, China Merchants Securities, Everbright Securities, and Changjiang Securities have set up Hong Kong subsidiaries. The business department of a domestic securities firm applies to open a Hong Kong stock account.