Opening a bank account in Hong Kong is often a vital first step to establishing a business presence. Primary legislation governing AML and KYC practices in Hong Kong. It outlines the obligations of ...

Banks agree to join the customer financial arrangements negotiation mechanism to help resolve funding difficulties.

The Hong Kong Monetary Authority (HKMA) has made it incumbent on banks to conduct a mandatory name-matching process on customers for real-time fund transfers, the latest step by the city's financial ...

including current and savings accounts, loans, and foreign exchange. Well-known institutions such as; Bank of China (Hong Kong) Limited; Hongkong and Shanghai Banking Corporation Limited (HSBC); and, ...

Hong Kong residents are allowed to establish RMB-denominated savings accounts, RMB-denominated corporate ... after the People’s Bank of China changed the way it set the central parity rate ...

HSBC, Standard Chartered Bank, and Bank of Communications (Bocom) on Monday started helping Hongkongers open mainland bank accounts remotely, the latest move in a broader effort to make it easier ...

THE Philippine Consulate General (PCG) in Hong Kong warned Filipinos against money laundering syndicates that target foreign domestic workers (FDWs) who steal their personal details to create 'stooge' ...