Recently, as the mainland has tightened its stablecoin policies, the demand for opening Hong Kong accounts at a certain Hong Kong-funded bank has surged instantly. Coincidentally, they have just updated the online account opening process for mainland users, which is indeed much more convenient than before.

The whole process is divided into three parts:

First, complete the preliminary work on your phone—download the official app, prepare a Mainland Travel Permit for Hong Kong and Macau with more than three months of validity, and make sure your phone supports NFC.

Next is the online application. Filling in the basic information in the app is easy; the key step is taking photos of your documents and facial recognition. Remember to enable NFC and just place your permit on the back of your phone. Then, fill in background information such as your source of income and place of birth, submit, and wait for a notification.

Finally, you need to go to Hong Kong in person to activate your account. You must go within 90 days after approval. Once there, connect to local WiFi, download your immigration records via the mini-program from the Immigration Department, then go back to the bank app to upload the records, and your account will be activated.

What’s the biggest change? Now the entire process doesn’t require queuing at the counter anymore. Compared with the previous method that required in-person processing, this process optimization really saves a lot of hassle.