Book in advance

Methods for obtaining cards and cashing out in Hong Kong

Find an intermediary and spend a little money to make an appointment first. This intermediary is ordered through Taobao, which is relatively safe; if unsuccessful, there is no charge. Fill out the information in advance for the intermediary, and just bring your ID card, travel permit, and the crossing receipt to go there.

You can exchange U for Hong Kong dollars in many small shops in Hong Kong, the exchange rate is decent and there is not much wear and tear.

Obtain two cards, one from Bank of China Hong Kong and one from HSBC. If you have an appointment, it can be done quickly, usually within half an hour. You can get the card on the spot and activate it; you can deposit Hong Kong dollars into the ATM. You can deposit up to 100,000 a day! If you don’t have an appointment, it might take all day over there.

Bank of China can be linked to WeChat, and HSBC can be linked to Alipay. Both can be used for normal consumption, and the exchange rate is automatically converted, but there are still foreign exchange quota controls. Each person has a total of $50,000 USD per year.

Also, you can open a long bridge securities account, which allows you to buy US stocks and Hong Kong stocks without limits. For those who enjoy buying US stocks, that’s quite delightful.