World Accounts now let your business collect funds and pay local suppliers in HKD or make payments to offshore CNY (CNH) accounts in China.
The Chinese market has grown exponentially over the past few years and is now one of the strongest manufacturing and exporting hubs of the world.
With this in mind, it’s no surprise that WorldFirst have added HKD and CNH currency accounts across all of their products including the World Account foreign currency accounts.
When you have a World Account, and activate HKD and CNH you now will be able to collect your funds and pay local suppliers in HKD or make payments to offshore CNY (CNH) accounts based in China – Hong Kong, saving you time, fees and just making it easier for you to do business in and out of China.
Activating HKD and CNH within World Accounts is free and easy just contact your local account manager who will activate your HKD and CNH accounts and the local bank account details will then be available for you.
The new HKD and CNH accounts are the 9th and 10th local currency receiving accounts, sitting along AUD, SGD, CAD, EUR, GBP, JPY, NZD and USD.
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