A border crossing facility in Shenzhen, Hong Kong’s neighbour to the north. Only one type of account opened in Hong Kong requires a trip to the mainland. Photo: Bloomberg A border crossing facility in Shenzhen, Hong Kong’s neighbour to the north. Only one type of account opened in Hong Kong requires a trip to the mainland. Photo: Bloomberg
A border crossing facility in Shenzhen, Hong Kong’s neighbour to the north. Only one type of account opened in Hong Kong requires a trip to the mainland. Photo: Bloomberg

Explainer |
As China allows more Hong Kong lenders to remotely open Greater Bay Area bank accounts, here is what you need to know

  • More banks will be allowed to open accounts remotely for people who want to use Alipay, WeChat Pay or ATMs, sources say
  • Customers will need a mainland mobile phone number and address to open a full services bank account

Topic |   Greater Bay Area
A border crossing facility in Shenzhen, Hong Kong’s neighbour to the north. Only one type of account opened in Hong Kong requires a trip to the mainland. Photo: Bloomberg A border crossing facility in Shenzhen, Hong Kong’s neighbour to the north. Only one type of account opened in Hong Kong requires a trip to the mainland. Photo: Bloomberg
A border crossing facility in Shenzhen, Hong Kong’s neighbour to the north. Only one type of account opened in Hong Kong requires a trip to the mainland. Photo: Bloomberg
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