Benefits of opening an account in a Hong Kong bank:
Opening an account in a Hong Kong bank can exempt interest tax on deposits in various currencies, improve the comprehensive operation efficiency of domestic and foreign funds, control domestic funds, operate overseas deposits at interest rates, and freely allocate funds for international trade remittances. Due to the interference of domestic financial institutions in capital control, choosing offshore banks to open accounts has obvious advantages over the mainland. There is no difference between Hong Kong bank accounts in basic deposit account and non-basic deposit account. Enterprises can open multiple accounts according to individual needs. Their functions and operations are the same. From the bank's point of view, the two are not necessarily related. But before making accounts, all monthly statements of bank current accounts must be submitted to accountants recognized by the Hong Kong government. The entry and exit of funds in Hong Kong is not subject to any control. Offshore bank accounts are accounts opened by foreign banks in China and should be supervised by China financial management institutions. Therefore, the current trading operation in offshore account will be more troublesome.