How important is having a Hong Kong bank card?
A Hong Kong bank card that can be used to register with Hong Kong brokers and participate in IPOs, such as the IPO of Mixue in February, which has a maximum profit of 30,000 per order. Even if we sell it right after the opening, the profits are still considerable. We can also participate in US stock IPOs. Additionally, at the right time, we can purchase Hong Kong and US stocks.
Of course, for us in the cryptocurrency circle, the most important thing is that we can realize profits through certain Hong Kong brokers. Moreover, having funds on a Hong Kong card provides a level of isolation, avoiding being wiped out in one go, thus diversifying risk, especially in a bear market where many cryptocurrencies may face issues.
When going to Hong Kong to apply for a card, it is essential to go in person. Some say it can be done without being there, but that requires having over 500,000 yuan deposited in a domestic bank, plus notarization and proof, which is too cumbersome and not recommended. When we are in Hong Kong, it is usually done online without needing to provide asset proof, which is much more convenient.
