Account Opening Procedures

Account Opening Procedure

Customers fill in and submit the account opening forms and other related supporting documents to related bank staff via e-mail/fax. Bank staffs pre-check the supporting documents via GWIS

Customers receive the message on pre-checking result from bank staffs and submit the original account opening forms and other related supporting documents which are confirmed to pass the pre-checking to the branch/sub-branch where is required to open account. Customers will receive bank’s notification to further supplement documents if there is any document missing

Customers receive message on the account opening completed from the bank

The bank will complete the account opening within 2 working days after verifying the completeness, compliance and authenticity of the account opening documents and the willingness of the legal person（Applicable for Shanghai Small & Macro enterprises Only）

For Local Enterprise

Business Licence issued by the State Administration for Industry and Commerce

Enterprise Code Certificate issued by the State Bureau of Quality and Technical Supervision

State Tax Registration Certificate

Local Tax Registration Certificate

Articles of Association and Amending Resolutions (if any)

List of directors (company chop is required)

Identification document of legal representative(s) / responsible officer(s), director(s), all principal shareholder(s) (>10% shares) and the authorized account signatures

For a company with a multi-layer ownership structure, please provide an organization chart showing shareholding percentage of each entity and each stage in the ownership chain of the corporate structure

Additional documents required for CNY general account
- Basic Account Opening Certificate issued by People’s Bank of China
- Evidence of Account Purpose

Additional documents required for foreign currency account
- Foreign Currency Account Opening Notice / Foreign Exchange Approval Certificate issued by State Administration for Foreign Exchange (for Foreign Currency Account under Capital Item only)
- Basic information registration form for enterprises issued by State Administration for Foreign Exchange

For Foreign-invested Enterprises Registered in Mainland China

Approval Certificate issued by government bodies authorised by the State Council, ie, Ministry of Commerce or the relevant provincial or municipal peoples government

Business Licence issued by the State Administration for Industry and Commerce

Joint Venture Contract / Agreement, Articles of Association and Amending Resolutions (if any) and the relevant documents.

Identification document of legal representative(s), director(s), all principal shareholder(s) (>10% shares) and the authorized account signatures

Enterprise Code Certificate issued by the State Bureau of Quality and Technical Supervision

State Tax Registration Certificate

Local Tax Registration Certificate

For a company with a multi-layer ownership structure, please provide an organization chart showing shareholding percentage of each entity and each stage in the ownership chain of the corporate structure

Additional documents required for CNY general account
- Basic Account Opening Certificate issued by People’s Bank of China
- Evidence of Account Purpose

Additional documents required for foreign currency account
- Foreign Currency Account Opening Notice / Foreign Exchange Approval Certificate issued by State Administration for Foreign Exchange for settlement account / capital account
- Foreign Exchange Certificate issued by State Administration for Foreign Exchange
- Basic information registration form for enterprises issued by State Administration for Foreign Exchange

For Representative Offices of Foreign Companies in Mainland China

Approval Certificate issued by government bodies authorised by the State Council, ie, Ministry of Commerce or the relevant provincial or municipal peoples government

Registration Certificate of Foreign Enterprise Permanent Office in China issued by the State Administration for Industry and Commerce

State Tax Registration Certificate

Local Tax Registration Certificate

Identification documents of the Legal Representative

The Letter issued by the foreign company setting out the authority delegated to the Representative

Identification documents of the Representative

Representative certificate of the Representative

Business Registration of the foreign company

Certificate of Incorporation of the foreign company

Minutes of Board of Directors' Meeting of the foreign company to open bank account for the Representative Office and authorize the Representative Office to operate the account (singed by all presenting directors, with a quorum of the board)

Enterprise Code Certificate issued by the State Bureau of Quality and Technical Supervision

For a company with a multi-layer ownership structure, please provide an organization chart showing shareholding percentage of each entity and each stage in the ownership chain of the corporate structure

Additional documents required for CNY general account
- Basic Account Opening Certificate issued by People’s Bank of China
- Evidence of Account Purpose

Additional documents required for foreign currency account
- Foreign Currency Account Opening Notice / Foreign Exchange Approval Certificate issued by State Administration for Foreign Exchange for settlement account / capital account
- Foreign Exchange Certificate and (out-station) filing paper issued by State Administration for Foreign Exchange
- Basic information registration form for enterprises issued by State Administration for Foreign Exchange

For Companies Registered in Hong Kong

Business Registration Certificate

Certificate of Incorporation

Memorandum and Articles of Association and Amending Resolution (if any)

Particulars of Directors, shareholders and secretary bearing reception stamp of Companies Registry.

Identification Documents of directors (including Managing Director), all principal shareholders (>10% shares) and authorized account signatures.

For a company with a multi-layer ownership structure, please provide an organization chart showing shareholding percentage of each entity and each stage in the ownership chain of the corporate structure

Special organization code (if applicable)

Notice:

For the reference of business customers to open accounts with Branches of Hang Seng Bank (China) Limited.

The above documentary requirements are applicable in general, under certain circumstances, the Bank may request additional and / or different documents to satisfy regulatory and/ or due diligence requirements.

Details for Account