🇨🇳 Huaxia Bank — account for financial consulting

Lawyer, Family Office

Concept

Huaxia Bank — a national commercial bank of the PRC headquartered in Beijing, listed on the Shanghai Stock Exchange. One of the country's largest joint-stock banks: assets over $600bn, more than 1,000 branches across China. Among private banks, Huaxia is known for its focus on the consulting and financial sectors — the bank is more receptive to applications from companies engaged in investment activity, IT consulting, funds and family offices than traditional trade banks.

Unlike Bank of China, Huaxia is less constrained by formal reputational thresholds, but also less predictable in terms of speed: each application undergoes individual compliance review with a banking officer, and opening time ranges from 15 to 35 business days.

When to choose Huaxia

• Business — financial consulting, investment services, asset management, family office
• HK company with ties to Asian investment circles (Singapore, UAE)
• Clients — corporate, not retail
• Not suitable — pure trading, e-commerce (Everbright or Harbin are better suited for this)

Acceptable beneficiary jurisdictions

• Hong Kong, Singapore, Malaysia
• UAE, Turkey (by arrangement)
• EU, United Kingdom, Switzerland
• Particularly favorable to UBOs with venture or investment background

Acceptable currencies

• CNY (primary)
• USD, EUR, HKD, SGD

Documents for opening

• Beneficiary passport
• Full corporate kit of HK company
• Audited financial statements (mandatory, even for first year, if available)
• Description of investment/consulting activity, 1–2 pages
• LinkedIn / profiles of key company persons
• Portfolio description for asset management clients

Opening stages

1. Preliminary profile assessment— 5–10 business days. Huaxia conducts deeper-than-usual due diligence on the nature of business.
2. Video interviewwith banking officer — 30–45 minutes in English (or with interpreter in simplified Chinese).
3. Hardware token receipt— 5–10 business days.
4. Activation— 2–3 business days.

Total timeframe —15–35 business daysdepending on profile complexity.

Cost

Our fee —upon request, discussed individually depending on structure complexity. Typical range — €5,000–€8,000.

Huaxia fees

• Account maintenance:similar to Big Four, $100–$150/month.
• Payments within China:0.08–0.1%, cap CNY 1,000.
• International payments:0.1–0.15%, cap CNY 2,000.
• Currency exchange:competitive rates relative to interbank.
• For turnover from $3M/year, individual tariffs are possible.

Related services

• 🇨🇳 Bank of China— for trading companies
• 🇨🇳 ZCCB— for cross-border traders
• 🇭🇰 Hong Kong company— corporate wrapper