Quickly understand how mainland residents can own a Hong Kong bank card
1. Why do you need a Hong Kong bank card?
Cross-border payments are super convenient
1. Receiving salaries, paying for Hong Kong insurance, and receiving transfers from friends and family do not count against mainland foreign exchange quotas.
2. Supports 'Faster Payment System' (similar to Alipay/WeChat), you can transfer money in real-time by scanning the FPS QR code or entering a mobile number, with a daily limit of 10,000 HKD.
Investment and financial management are more flexible
1. You can buy Hong Kong stocks, U.S. stocks, and invest in overseas funds and bonds with no foreign exchange restrictions.
2. Hong Kong deposit interest rates are high (some USD deposit rates exceed 5%), suitable for holding foreign currency.
Life is more worry-free
1. Paying for Hong Kong utilities, buying insurance, and credit card spending are exempt from currency conversion fees.
