I. Bank Collection If you need to cash the cheque immediately, you can ask the bank to collect the cheque in Hong Kong dollars. Banks with foreign currency business can handle it, such as ICBC, Bank of China, China Construction Bank and Bank of Communications ... Banks generally require collection. That is, the check will be mailed to the bank in a special way, and the bank will first pay the money to the mainland bank, and then the mainland bank will review the relevant foreign exchange management policies, and then enter it into the account or convert it into RMB. Clean bill (that is, non-payable cheque) collection: the service that the bank accepts the entrustment and uses the extensive foreign correspondent relationship of the bank to mail bills and other financial documents drawn from abroad that cannot be discounted in China to the payer to remind him to pay and recover the money. The business cycle is long, usually 30-40 days. Second, the exchange amount is limited. Hong Kong checks need to be exchanged in the process of cashing in the Mainland, and it is likely to meet the limit of $50,000 per person per year. However, owning a Hong Kong policy is not subject to this foreign exchange restriction. It takes a long time to open a cheque collection procedure for a Hong Kong account. For customers who are eager to accept claims or pay dividends in advance, the most appropriate method is to open a bank account in Hong Kong. Advantages of handling Hong Kong bank cards: 1. Using Hong Kong bank card to deposit funds, the speed of arrival is faster than that of remittance from mainland banks to sub-accounts; 2. Remittances from Hong Kong bank cards to securities accounts are free of charge, and each remittance from mainland online banking to sub-accounts is subject to an additional junior high school to senior high school fee (HK$ 40-200) and Yin Zhong account fee (HK$ 12); 3. Hong Kong bank card supports bank-securities transfer deposit and withdrawal (soon to be launched), which is more convenient, fast and safe;

4. If there is a demand for speculating in Hong Kong stocks or US stocks, it will be easier to transfer the money to Hong Kong's own personal account with the same name and then to the foreign securities firm in China than to directly wire the money to the company bank account of the foreign securities firm.