2. The materials have passed the preliminary examination, and the official telephone approval time is reserved. As soon as the next day, the mainland witnessed the appointment of opening an account. During the telephone audit, new documents may be added according to the telephone content;
3. After passing the strength verification, make an appointment for a face-to-face interview with Chinese mainland HSBC Branch;
4. The face-to-face signing of the branch is successful, and the documents will be sent to Hongkong and Shanghai Banking Corporation in 3-4 days;
5. It takes about 4 weeks for HSBC to approve the document and issue the account number;
6. After opening an account, it takes 3 weeks to activate the account, and payment can be made;
7. It takes 3-4 days for Hongkong and HSBC to reach China by EMS express encoder, password paper and other letters, so it can use online banking to operate the account.
How does Hongkong and Shanghai Banking Corporation open an account?
In the early days, banks in Hong Kong did not have strict qualification examination for customers, which attracted the first batch of foreign businessmen to use Hong Kong bank accounts to receive and pay foreign exchange. However, the good times did not last long. Several big banks in Hong Kong were suspected of money laundering and customer irregularities, and paid a high settlement. Coupled with the implementation of CRS agreement and the formation of global "double opposition" (anti-money laundering and anti-terrorism financing) environment, Hong Kong banks have to conduct a detailed investigation on the real purpose of the applicants, which eventually makes it more and more difficult for Hong Kong banks to open accounts and the probability of being closed is increasing.