Hong Kong accounts are transferred to mainland personal accounts. Can remittance be used to buy real estate?
You can't. According to the inquiry website, the transfer from China Hongkong account to mainland personal account belongs to foreign exchange, and the purpose of foreign exchange transfer does not include the purchase of real estate, so it is not allowed. Transfer refers to a bank currency settlement method that transfers money from a payment account to a collection account through a bank without using cash directly.