Hong Kong now makes it difficult to open accounts.

Banks are now starting to require proof of where the money comes from.
This time, the new fund source declaration added by some Hong Kong banks actually says it very directly.
Funds used for investment need to come from legitimate sources outside mainland China, and related investment services are more suitable for people who actually live and work in Hong Kong.
Now banks are not unwilling to accept clients, but are beginning to take risk segmentation more seriously.
Especially in the past two years, CRS, anti-money laundering, cross-border fund scrutiny—these things have been getting stricter and stricter.
Many operations that were previously assumed to be permissible are now being questioned, with banks starting to require explanations of the fund pathways.
A very obvious change is that Hong Kong accounts are shifting from being easy to open to more compliance-focused.
In the future, whether it’s opening accounts, depositing funds, or overseas investments, banks will increasingly pay attention to whether the source of funds is clear.
Especially for mainland residents, many issues in the future may no longer be about whether there is a channel, but whether the funds can withstand compliance scrutiny.
Because now the direction of the entire global financial system is quite similar: funds can cross borders, but their source must be explainable.
#香港银行 # Hong Kong account opening #Cross-border funds