The best solutions for opening a corporate account in Hong Kong
If you own a Hong Kong company and need a corporate bank account, choosing the right financial institution is crucial. Depending on your business specifics, currency transaction requirements, and other factors, the best options include Airwallex, LianLian, Chouzhou Bank, and OCBC Bank. Let’s take a closer look at each of them.
Airwallex
Airwallex is one of the most advanced payment platforms, offering local accounts in Hong Kong, Singapore, Australia, Japan, Europe, the USA, and other countries. It is ideal for international transactions, allowing fast payments and transfers.
Advantages:
- Remote account opening;
- No monthly fees or maintenance charges;
- Full banking details in multiple countries;
- Supports multiple currencies;
- Perfect for e-commerce and small transactions.
LianLian
LianLian is a Chinese payment system with bank details from traditional Hong Kong banks (CitibankHK, JPMorgan Chase Bank HK). It is a great option for trading companies.
Advantages:
- Full Hong Kong bank account details;
- Multi-currency account support (EUR, USD, CNY, HKD, etc.);
- Quick account opening (3–4 days);
- Virtual bank card for online payments;
- No transaction limits.
Chouzhou Bank (Zhejiang Chouzhou Commercial Bank)
A traditional Chinese bank offering NRA accounts for Hong Kong companies. It is well-suited for businesses dealing with China.
Advantages:
- Supports multiple currencies (HKD, USD, EUR, RUB, CNY, AED);
- No transaction limits;
- Account opening without a physical presence in China (unless RMB transactions are needed);
- Collaboration with multiple banking partners.
OCBC Bank
A reliable Chinese bank with a user-friendly online banking system. It is suitable for trade, logistics, and IT companies.
Advantages:
- Remote account opening or in-person visit;
- No mandatory deposits or turnover requirements;
- Fast support via WeChat;
- Free currency conversion;
- Account opening possible even without a registered company if there is an affiliated firm with a history.
Which Bank is Best for Your Business?
The choice depends on your business needs. If you require fast access to international payments, Airwallex or LianLian are the best options. If you plan to work with China, consider Chouzhou Bank or OCBC Bank.
If you are interested in opening an account, contact IT-OFFSHORE specialists for assistance.
