If you come from China, you mentioned two methods. The first is to cooperate with a Hong Kong company. If it's a business transaction, it's better to do so. You can reduce your own foreign exchange settlement pressure. The second way is to directly settle foreign exchange in personal accounts in HSBC, but this way is suitable for simple single remittance. If foreign exchange comes in for a long time and many times, it will not be good. Here are the questions you mentioned:

Q: What should I do if I register a Hong Kong company and use the account of HSBC or Standard Chartered Bank to settle foreign exchange? Do I need to transfer to a domestic bank to settle foreign exchange? If so, there will be additional fees: registration fees and transfer fees, as well as the difference in settlement.

A: If you register a Hong Kong company, you can use HSBC or open an account in Standard Chartered. If you want to change your money into RMB, you still have to remit it to a domestic account to change it into RMB. As for the extra costs, there will be some more or less. However, this money can be freely distributed in the account of your own Hong Kong company. Relatively speaking, the risk will be reduced.