Banking in Hong Kong allows your business access to a diverse and ever growing international market. As the financial center for East Asia, Hong Kong is home to a number of foreign-based banks and local branches of China state banks. When setting up a local business in Hong Kong, a bank account is essential. Hong Kong banks offer a number of financial services in the areas of commercial, retail, investment and international banking.

Commercial banks in Hong Kong are equipped to handle customers from abroad. Because Hong Kong was formerly a British crown colony, Hong Kong banks have a long history of doing business in English. Hong Kong banks provide their customers easy access to banking when traveling on business. Cyber and mobile banking are popular choices for financial transactions.

Information to consider before accessing business banking in Hong Kong:

1. The Hong Kong Monetary Authority regulates banks in HK.

2. The Chinese government owns local banks branches in Hong Kong.

3. Global banks in Hong Kong can process international cyber banking services for your business.

Action Steps
The best contacts and resources to help you get it done

Gain knowledge about global investments and international banking in Hong Kong

Familiarize yourself with Hong Kong's banking regulations. Insight into the laws and rules governing foreign investing and banking services leads to sound decisions. Choose banking products based on your business or investment needs.

I recommend: The Hong Kong Monetary Authority offers guided tours and online resources to help you understand banking regulations. Get investor reports on international markets in Hong Kong from Colliers.

Open up a business account with an international bank in Hong Kong

Commercial banks in Hong Kong feature investing and foreign currency exchange. You can also open a business bank account in Hong Kong if you operate a business in the city. When in Hong Kong, bank services are available to process financial transactions for your business.

I recommend: Access your bank online with a Bank of East Asia Hong Kong corporate cyber banking account. Standard Chartered Group operates in Hong Kong and offers strategies to drive economic growth to meet your business goals.

Choose a US bank in Hong Kong for international services

Banks from all around the world help Hong Kong to achieve its international banking status. A foreign-based bank offers access to your bank while in Hong Kong or online. Global banks in Hong Kong have worldwide status and presence, featuring ATMs and bank branches in many countries.

I recommend: HSBC bank offers a branch in Hong Kong or an offshore bank account that lets you choose US or Euro banking currency. Contact JF, the JPMorgan Chase Asian branch, for information on their banking services in Hong Kong.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  After reviewing a list of banks in Hong Kong, remember your business must be registered and incorporated before opening an account.