Open a bank account with Hongkong Bank in China. It is very important for foreign traders to collect overseas money safely and quickly. Hong Kong banks open bank accounts because Hong Kong banks have no restrictions on individual settlement and sale of foreign exchange. Foreign exchange speculation can be conducted in RMB through the contract with China UnionPay. Remittance summary, also known as remittance, is a settlement method in which the payer pays the money to the payee through the bank and uses certain settlement tools (bills).