1. At present, you can register a Hong Kong company and open a Hong Kong account to obtain the ability to receive letters of credit. However, at present, the stability of Hong Kong accounts is very poor, and it is not uncommon for Hong Kong bank accounts to be frozen. Moreover, the cost of opening a new account in Hong Kong is very high, and an account is nearly 10000 RMB. Time is also very long. According to the current progress, it will take at least two months to open an account in Hong Kong, from application to appointment to face-to-face signing, and it will take at least two months to arrive at the account, and receiving the letter of credit belongs to a trade account.