1, the difference between foreign exchange restrictions
Hong Kong is a financial center, a free trade port and has no foreign exchange control. Mainland companies are subject to foreign exchange control, and enterprises must have the right to import and export, and can only receive and pay foreign exchange after the goods declared by the customs or the taxes withheld on their behalf. Individuals have a foreign exchange settlement quota of $50,000 per year.
2. Differences in business scope
Hong Kong companies are basically unrestricted, and companies can decide whether to mark the business scope on the business registration certificate according to their needs.
Mainland companies have restrictions on some industries, especially some sensitive industries such as resources and education. In addition, the business scope must be listed in the license of China.
3. Differences in business addresses
Hong Kong companies do not need to actually lease office addresses, but can call on other office buildings and use virtual office or home addresses in Hong Kong.
Mainland companies actually have to lease office buildings.
Extended data
According to Article 5 of the Regulations of People's Republic of China (PRC) on Foreign Exchange Control,
The state does not restrict normal international payments and transfers.
Article 6
The state implements the system of reporting balance of payments statistics.
The foreign exchange administration department of the State Council shall make statistics and monitor the balance of payments, and publish the balance of payments regularly.
Article 7
Financial institutions engaged in foreign exchange business shall open foreign exchange accounts for customers in accordance with the provisions of the foreign exchange administration department of the State Council, and handle foreign exchange business through foreign exchange accounts.
Financial institutions engaged in foreign exchange business shall submit their clients' foreign exchange receipts and payments and account changes to foreign exchange management agencies according to law.
Article 8
The circulation of foreign currency is prohibited in People's Republic of China (PRC), and it is not allowed to be denominated and settled in foreign currency unless otherwise stipulated by the state.
Article 9
The foreign exchange income of domestic institutions and individuals can be repatriated or deposited abroad; The conditions and time limit for repatriation or deposit abroad shall be stipulated by the foreign exchange administration department of the State Council according to the balance of payments and the needs of foreign exchange administration.
Article 10
The State Council's foreign exchange administration departments hold, manage and operate the national foreign exchange reserves according to law, and follow the principles of safety, liquidity and appreciation.
Refer to Baidu Encyclopedia-Foreign Exchange Control