PANews reported on June 9th that, according to 21st Century Business Herald, in response to recent market attention regarding mainland investors opening bank accounts in Hong Kong, a spokesperson for the Hong Kong Monetary Authority issued a statement on June 6th stating that mainland customers can still apply to open Hong Kong bank accounts normally, and the account opening process is generally smooth. The spokesperson emphasized that as an international financial center, Hong Kong banks have always provided professional services to customers from different regions while ensuring legal and compliant operations. These optimized measures will help consolidate Hong Kong's advantages as an international financial center. Hong Kong banks have always had rigorous account opening procedures, ensuring compliant and orderly business operations, and the relevant requirements are within the scope of normal regulatory oversight.
Regarding cross-border investment channels, the Hong Kong Monetary Authority further pointed out that Mainland residents can allocate assets and invest in qualified wealth management products through various legal cross-border investment channels, including the "Cross-border Wealth Management Connect," or invest through Mainland brokers via the "Shanghai-Hong Kong Stock Connect" and "Shenzhen-Hong Kong Stock Connect."


