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Qianhai red tape: relief coming for Hong Kong businesses, but opening mainland Chinese bank accounts still a hassle

Hong Kong firms in Shenzhen’s expanding Qianhai economic zone will soon find it easier to settle various company matters without having to cross the border, but opening a mainland Chinese bank account remains challenging, according to a top official.Witman Hung Wai-man, principal liaison officer for Hong Kong at the Shenzhen Qianhai Authority, which manages the economic zone, told the Post that services such as lodging applications to change shareholders and authorised capital will be available…

Read the original article at South China Morning Post

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