Banking
The main banks in Hong Kong are The HSBC (Hong Kong and Shanghai Banking Corporation) its subsidiary, the Hang Seng Bank and Standard Chartered Bank. There are also US banks such as Citibank, Chase and Bank of America etc. It is easy to open an account and every bank will help you with this. There are many main branches, all located in Central, just avoid lunch times and Friday afternoons. Bank opening hours are generally from 9.30am to 4.30pm

If you are a US citizen opening an account with an American affiliated bank you will have to provide your social security number along with your US passport. Interest income is reported by the bank to the Internal Revenue Service.

Currency
The Hong Kong dollar is ‘pegged’ i.e. it is tied to the US dollar, so fluctuation is low. Generally the exchange rate is HK$7.75 to the US$1. Check the daily paper for precise exchange rates.

Postal Services
The main General Post Office is in front of Jardine House in Central, but there are numerous branches across Hong Kong . The postal service is efficient, with most local mail delivered the next day. Postage is $1.40 for letters and postcards.

The Post Office offers “Speedpost” and express services, registered and insured mail services and bulk mail postings. You can also pay bills here including PCCW, gas, water, electric and rates.

For more details see www.hongkongpost.com
or call the Post Office Inquiry Bureau on 2921 2222.