[Decrypted by Licaitong] Beishang Hong Kong residents surveyed: the most important thing is to choose a bank carefully to open an account

The cross-border wealth management link, which has attracted much market attention, was officially launched, providing more choices of wealth management products for residents of the Greater Bay Area in Hong Kong and the Mainland.

At present, Hong Kong people can invest in eligible investment products sold by mainland banks through the "Northbound Link".

However, there are many banks approved to participate in the "Greater Bay Area Cross-border Financial Link", and investors can only choose one bank to open an investment account, so it is very important to choose a bank that suits you.

Mr. Li, a Hong Kong resident who opened a technology company in Shenzhen, said that he has chosen to open a wealth management account with HSBC. It is because HSBC is the largest international bank in the Greater Bay Area. It can provide diversified financial services to meet its needs. "Moreover, HSBC’s The wealth management team has extensive experience and international perspective, and can manage my risk and provide comprehensive support."

Mr. Li, who was in his forties and was born in the grassroots of Hong Kong, had already studied in the Greater Bay Area in his early years. Two years ago, he saw the opportunities in the Greater Bay Area and believed that there was plenty of room for development. So he opened a technology company in Shenzhen two years ago. Provide scientific and technological consulting services, and frequent trips between Shenzhen and Hong Kong.

Open an HSBC account to experience one-stop management

Years of experience living in the Mainland has made him a "Master of Everything" in the Greater Bay Area.

When he started his business, Mr. Li has chosen to open an account with HSBC to handle his daily business operations.

He pointed out that HSBC can provide comprehensive financial services to meet the needs, "and HSBC's digital services are complete, and most cross-border transactions can be conducted online." In fact, HSBC is the industry leader in Hong Kong, regardless of customer base and product type. , Service network has considerable leading advantages, and in Guangdong, HSBC is also the only international bank to conduct business in 21 prefecture-level cities.

In addition to being busy in starting a business, Mr. Li also invests in stocks and funds. He hopes that, like ordinary young people, he can achieve financial freedom as soon as possible.

He found that the Mainland has undergone major changes in recent years, with great potential and advantages, and there are many policies to support enterprises. It is very worthwhile to look for investment opportunities in the Mainland.

In recent months, the first interconnection mechanism for individual investors, "Cross-border Wealth Management", was launched. Mr. Li believed that this plan would bring him new investment opportunities and decided to open an investment account for this purpose.

Since each investor can only open a special remittance account in Hong Kong and a special investment account in the Mainland, and after opening the account, if you want to switch to another bank, you must first redeem all wealth management products and remit the funds back to the Hong Kong account for follow-up Enter.

After repeated thinking, Mr. Li decided to continue to use HSBC to open his Licaitong account.

"I have great confidence in HSBC. The most important thing is that I already have an HSBC account. It is more convenient to cooperate with the remittance to the Licaitong account to achieve a one-stop management of asset flow and performance."

Hire additional financial specialists to provide seamless cross-border services

According to the implementation rules of the regulatory agency, Hong Kong residents must go to the Mainland to open an account in person to participate in the "Northbound Link". However, if they already hold a Mainland RMB-type settlement account, they can directly apply for the Northbound Link service through online banking.

Currently in the Greater Bay Area, HSBC has a network of more than 100 branches to handle cross-border wealth management matters for the convenience of customers, involving more than 5,000 retail bank employees to support related businesses. Among them, the service targets include customers of cross-border wealth management.

As for "Southbound" customers, the regulator allows mainland investors to open investment accounts in Hong Kong banks under the witness of mainland banks, without having to come to Hong Kong to open accounts in person.

HSBC is also ready to make Nanxiangtong investors remote without having to visit Hong Kong to open an account.

At present, more than 95% of HSBC's retail banking transactions in Hong Kong have been processed through digital channels. Customers participating in cross-border wealth management can also manage related investments around the clock through mobile banking or online banking as usual to achieve seamless cross-border service experience .

At this stage, Mr. Li is still selecting low-to-medium risk products that can be invested through "Northbound Link" and sold by mainland banks. He believes that HSBC's wealth planners can provide appropriate investment advice, and he said that Hong Kong people should carefully choose Licai Link's products. Account opening: "When choosing a bank, you should pay attention to its background, team and facilities. It is the first step to participate in cross-border financial management, and it is also an important step."

(Information provided by the customer)