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Hong Kong Monetary Authority Confirms Mainland Customers Can Still Open Bank Accounts, Requires Three-Month Compliance Review by May 22

2026-06-09 05:30:48

According to the Hong Kong Monetary Authority, mainland customers can continue to apply for Hong Kong bank accounts normally. On May 22, the regulatory authority issued a directive requiring banks to adopt higher business standards aligned with Hong Kong Securities and Futures Commission requirements for securities firms. Mainland residents opening new investment accounts in Hong Kong must provide written declarations confirming that all funds for investment and settlement originate from outside mainland China. All registered institutions must complete a comprehensive review of account records established since January 2023 within three months of the directive's issuance.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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