Alternative options + Account usage tips


• Mainland China witness account opening: Standard Chartered in Mainland China deposits 500k yuan to lock for 3 months, can open a Hong Kong account for free, no need to go to Hong Kong, 100% approval rate
• Core functions: FPS fast transfer (free real-time local transfers in Hong Kong) + cross-border remittance (Standard Chartered internal channel with no telegram fee) + real-time exchange of 12 currencies
• Management fee exemption: Mainland China Standard Chartered priority wealth management clients can also enjoy exemption of Hong Kong account management fees
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