How to transfer the money from a Hong Kong account to a mainland bank?

There are several ways to transfer money from a Hong Kong account to a mainland bank:

1, Hong Kong and Macao: the remitter sends money through the clearing bank with the Hong Kong and Macao ID card, and the payee is himself;

2. Quota: The maximum per person per day in Hongkong and Taiwan Province is 80,000 yuan, and the maximum per person per day in Macau is 50,000 yuan.

3. The transfer from Hong Kong account to mainland bank is also handled by foreign exchange. Users can first apply to a domestic bank to open a Hong Kong dollar account, and then remit foreign exchange to the personal account of a domestic Chinese bank.

4. Remittance: RMB balance remitted from Hong Kong, Macao and Taiwan but not withdrawn can be remitted back through the clearing bank. You can go to the designated business outlets in China with your ID card and bank deposit certificate.

In order to crack down on corruption and other illegal acts, the mainland administration of foreign exchange has strict regulatory restrictions on foreign exchange import and export, so most foreign trade enterprises will choose to keep their profits in Hong Kong. If you need to transfer a large sum of money to your domestic suppliers, it is suggested that your suppliers also register a Hong Kong company and open a local bank account in Hong Kong, so that buyers and sellers can freely transfer other preferential policies for using Hong Kong without foreign exchange control to everyone.

In addition to the free transfer of funds between companies, you can also enjoy the preferential policies of ultra-low tax rate in Hong Kong. Since the Mainland and Hong Kong have signed an agreement on "avoiding double taxation", paying extreme local taxes in Hong Kong can avoid being repeatedly levied by the Mainland, which is extremely beneficial to enterprises. Taobao can also trade. Alipay supports Hong Kong's trade services. Hong Kong users choose good products at Tmall or Taobao, submit orders, select corresponding versions (Hong Kong, Taiwan Province and overseas versions) at the international cashier, and pay with Alipay shopping cards.

Wire transfer has multiple currencies, safe, high-speed and global remittance. It can be directly remitted to the payee's account, but the cost is relatively high. It is more suitable for customers who know the payee's name, account number and receiving bank information and have high requirements on the time and security of remittance arrival. Generally speaking, the cost of wire transfer is divided into two parts. One part is related to the wire transfer amount, that is, the handling fee of 1‰, and the other part is not related to the remittance amount, but related to the number of transactions, that is, each transaction will be charged with telecom fees. The charging standards of different banks are quite different, so customers can compare them when choosing remittance banks. Therefore, we need to remit as much money as possible. Because there is usually the highest remittance service fee, the more remittances each time, the more cost-effective. Therefore, if conditions permit, it is recommended to remit more at one time, not too much, or you will have to pay a lot of service fees.