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Can Guangfa Bank open a Hong Kong account?
Guangfa Bank cannot open a Hong Kong account. At present, only eight banks in China can open Hong Kong accounts, namely ICBC, CCB, BOC, Hang Seng, Minsheng, HSBC, Wing Lung and China Merchants Bank. If you want to open a Hong Kong account, you can go to the offline business halls of these banks for consultation.

You can also apply in official website, but each bank has its own requirements and regulations for users to open Hong Kong accounts. Specifically, you can call bank customer service.

The business scope of Guangfa Bank

The business scope of Guangfa Bank is all banking business stipulated in the Commercial Banking Law, which mainly includes absorbing public deposits, issuing short-term, medium-term and long-term loans, settlement, bill discount, issuing financial bonds, issuing agents, paying agents, underwriting government bonds, buying and selling government bonds, engaging in interbank lending, providing letter of credit services and guarantees, etc.

Acting as an agent for payment and insurance agency business, providing custody services, foreign exchange deposits, foreign exchange loans, foreign exchange remittances, foreign exchange exchange, international settlement, foreign exchange settlement, foreign exchange trading, foreign exchange interbank lending, acceptance and discount of foreign exchange bills, foreign exchange loans, foreign exchange guarantees, issuance of foreign exchange credit cards, trading and acting as an agent for trading foreign currency securities other than stocks.

Issuing and acting as an agent for the issuance of foreign currency securities other than stocks, self-operated and valet foreign exchange trading, acting as an agent for the issuance and payment of foreign credit cards, offshore financial business, credit investigation, consulting and witness business. Other businesses approved by the People's Bank of China and China Banking Regulatory Authority.