May 2023 HSBC Account Opening Notes

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In May 2023, a major VPS player went to Hong Kong HSBC to open an account (HSBC ONE) without an appointment, and used the following information when opening the account:

  1. Hong Kong and Macau Pass
  2. Mainland ID card
  3. Clearance ticket
  4. Mainland address proof
  5. No deposit, 0 yuan to open an account

Accounts opened with Hong Kong and Macau passports can only buy Hong Kong stocks. If you open an account with a passport, you can buy US stocks and Hong Kong stocks.

Proof of address in the Mainland: you can use water, electricity, natural gas bills or credit card bills within three months, and monthly statements of Hong Kong stock securities companies.

Account opening bank: Des Voeux Road West Branch of HSBC Bank, address of the account opening bank: No. 40-50 Des Voeux Road West, Sheung Wan, Hong Kong. It is more convenient to use Google Maps or AutoNavi to navigate after getting out of the subway.

Why go to Hong Kong to open an account? At the beginning of May, a netizen paid a service fee of 230 Hong Kong dollars to a big VPS player through WeChat, and he could only receive it with the WeChat wallet in Hong Kong, China. The payment went smoothly, but since there is no Hong Kong ID card, the identity cannot be verified, and the money in the wallet cannot be used for consumption, and can only be withdrawn to a Hong Kong bank account.

Why choose HSBC? It can only be said that the big VPS players were not prepared enough, and set off after brushing up an account opening note on Xiaohongshu. I made an appointment on the official website the day before departure, and received a call from HSBC on the high-speed train to Hong Kong. Since I could only arrange a meeting time after three working days, I had to give up. Netizens who want to open an account are advised to make an appointment in advance to increase the chances of successful account opening, as shown in the figure:

Appointment website: www.hsbc.com.hk/zh-cn/accounts/products/one/ Open the page and pull down, it is at the bottom left

If you open an account without an appointment, you may be rejected. The first branch that a big VPS player went to was rejected. The conversation with the lobby manager is as follows:

Lobby manager: “Why do you want to open an account?” Answer: “Financial management, buy Hong Kong stocks.”

Lobby Manager: “You can also buy Hong Kong stocks in the Mainland, without opening a Hong Kong bank account.” Answer: “Consumer in Hong Kong, use WeChat to collect money.”

Lobby Manager: “Using Alipay and WeChat in the Mainland can also be used for consumption in Hong Kong. This is not a reason to open an account.” Asked: “Then what reason do you have to open an account?”

Lobby manager: “I can’t tell you that.” Answer: “Buy insurance.”

The lobby manager started to use the walkie-talkie to contact colleagues, and then directed the big VPS player to a cubicle to wait. Waited for about 10 minutes, no one answered. I looked at my watch, and it was meal time, and I couldn’t let my friend go hungry, so I gave up.

After lunch, I decided to try my luck in Sheung Wan. Take the subway to Sheung Wan, get out of Exit B, walk to the branch on the west side, and find a lot of people queuing. Immediately, I navigated to the next branch (HSBC Bank Des Voeux Road West Branch) on my mobile phone. After explaining the reason to the lobby manager, I took a number. After a while, a young lady called me and guided me to her work station. I read the address proof (Wuhan’s electronic bill for natural gas), and then gave her Hong Kong and Macau Pass, Mainland ID card, customs receipt, and asked The reason for opening an account, I showed her the flow of the bank account in the United States, and entered the account opening process.

Download the bank APP, set the user name and password, activate the FPS, give the card and password slip, and the young lady finds a colleague to open an investment and wealth management account. There is someone to guide the whole process, and there is no deposit.

Due to time constraints and insufficient preparation, no other banks were opened. After I came back, I found that the bank below seems to be more useful, so let’s talk about it when I have a chance.

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