Opening an account in Hong Kong is now more difficult. Now banks are starting to require proof of where the money comes from.

This time, some of the new fund source declarations added by Hong Kong banks actually speak 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 management more seriously.
Especially in the past two years, CRS, anti-money laundering, and cross-border fund reviews have become increasingly strict.
Many operations that were previously assumed to be permissible are now being scrutinized by banks, requiring explanations of the fund's source.
A very obvious change is that Hong Kong accounts are shifting from being easy to open to more compliance-focused.
In the future, whether opening accounts, depositing funds, or investing overseas, 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 review.
Because now the entire global financial system is heading in a similar direction: funds can cross borders, but their source must be explainable.
#香港银行 #Hong Kong account opening #Cross-border funds