HSBC Bank

Established in Hong Kong and Shanghai in 1865, The Hongkong and Shanghai Banking Corporation Limited is the founding member of the HSBC Group - one of the world´s largest banking and financial services organisations with around 9,500 offices in 85 countries and territories - and the Group´s flagship bank in the Asia-Pacific region. The Hongkong and Shanghai Banking Corporation Limited is the largest bank incorporated in the Hong Kong Special Administrative Region and one of the SAR´s three note-issuing banks.

Comparison of HSBC Hong Kong and HSBC domestic accounts :

	HSBC, HK	HSBC, China
Important Note	(1). Please submit the following: (2). Complete registration information (3). Proof of address of directors (4). Directors´ID cards, pass or passport, Richful can help to make an appointment with one day´s notice; Allowed to conduct Internet Banking; At least two directors must go to the bank.	HSBC´s current network in Mainland China comprises 92 outlets including 20 branches in Beijing, Changsha, Chengdu, Chongqing, Dalian, Dongguan, Guangzhou, Hangzhou, Qingdao, Ningbo, Shanghai, Shenyang, Shenzhen, Suzhou, Tianjin, Wuhan, Xiamen, Jinan, Xi´an and Zhengzhou, and 72 sub-branches in Beijing, Chengdu, Chongqing, Dalian, Guangzhou, Hangzhou, Qingdao, Shenzhen, Shanghai, Suzhou, Tianjin, Wuhan, Xiamen, Xi´an and Shenyang.
HK company Account Opening Activation Fee	Search Fee HK$100; Integrated Account Opening HK$2,000; Only cheque payments are accepted.	Search Fee RMB200;
Transfer-in fees	HK$50 per 1,000	US$6.6 per 1,000
Transfer-out fees	HK$150 - 200 per 1,000	Remittance amount + U.S. postal + 15% fee.
Cash withdrawal via Counter Service	No fee to withdraw cash	Amount received in Hong Kong dollars in cash: 1.5% + 2.5 per $1,000
Letter of Credit Application Fees	(1). HK$260 per 1,000; (2). Telegram charge HK$200	NIL
BVI company accounts	(1). Complete registration information; (2). Business Plan & Certificate of Incumbency (3). At least two directors must go to the bank.	Account opening requirements vary depending on Province
American company account	Same as above	Same as above
British company account	Same as above	Same as above
Bank management requirements	There is no requirement for minimum deposits	The daily average of $200 a month must be met, with deduction of admin fees of 165 Yuan