Bank of China (Hong Kong) (BOCHK) has launched a new service that will enable residents of Hong Kong Special to open a personal account in mainland China from Hong Kong.

The bank has already received the regulatory approval to launch the pilot service. The initiative is aligned with the development Guangdong-Hong Kong-Macao Greater Bay Area.

BOCHK mainland account opening service:

The Hong Kong residents can apply at BOCHK branches with their permanent HKID card and mainland travel permit for Hong Kong and Macao. Once completed, they will receive a notification and can activate their account from the respective branch.

The new service eliminates the need to travel to the mainland to open a bank account. Additionally, no mainland address or visits to the mainland are required to apply for the service.

Furthermore, Hong Kong customers can link the account to mainland mobile payment applications. It will enable the customers to make digital payments across the Greater Bay Area and the mainland.

BOCHK deputy chief executive Ann Kung said: “The development of the Greater Bay Area is entering a new phase.

“With the great support from both mainland and Hong Kong regulatory authorities, BOCHK cooperates closely with our parent bank BOC and their institutions in the Greater Bay Area in introducing the mainland personal account opening service.”

“The service allows Hong Kong residents to open mainland banking accounts easily without setting foot outside the city.”

Overall, the service is expected to benefit the Hong Kong residents who travel, work and live on the mainland.

A subsidiary of Bank of China, BOCHK has nearly 200 branches in Hong Kong.