Hello, of course. After registration, Hong Kong companies can open accounts in four domestic banks: Communications, China Merchants, Shenzhen Development Bank and Shanghai Pudong Development Bank. You can also open accounts in foreign banks: HSBC, Hang Seng, Switzerland, Citigroup and so on. Which bank the bank chooses depends mainly on your business situation. Generally speaking, if my customers have more letters of credit, I will recommend opening an account with foreign banks such as HSBC, because HSBC has a high international reputation and faster collection. If there are many T/T's, I generally suggest opening an account in a domestic bank, such as Shanghai Pudong Development Bank, because the handling fee of domestic banks is relatively cheaper, which also depends on your own business situation, hehe.
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