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How do Hong Kong companies choose an account bank?
Generally speaking, Hong Kong companies will choose HSBC, Hang Seng Bank, Bank of China, Standard Chartered Bank, Citigroup and Overseas Chinese Wing Hang Bank according to their business dealings.

However, the account police of HSBC has been closed, because the bank will classify accounts that have been inactive for 3-6 months as inactive accounts, and then decide whether to continue to provide services according to the account activity afterwards.

At the same time, the bank will send a notice letter to the customer 30 days before the account is deactivated. The letter will indicate that the service of the account will be stopped after 30 days, and ask the customer to decide the destination of the remaining funds in the account within 30 days (transfer to other bank accounts or withdraw cash at the counter of the Hong Kong bank). We suggest you consider Hang Seng, Bank of China, Citigroup and Standard Chartered.

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