Originally Posted by moondog

We have a HK LLC and also bank with HSBC, but we found that there was almost no advantage to using HSBC for domestic transactions (that run through our WFOE). Instead we use Bank of Ningbo plus a handful of personal accounts. While the Bank of Ningbo may well be a childish operation when compared with HSBC, it and its ilk are cheap wrt fees and pose minimal red tape.