How to Open Investment Accounts in Hong Kong

Video Transcript

"Are you thinking that China is really the growth engine for the next thirty years and are you considering investing in China through Hong Kong? Hi, I'm Roger Groh at Groh Asset Management. We're here today to talk about how you actually open up an investment account in Hong Kong. Well, if you live in Hong Kong it's not substantially different from here in the United States or London or Paris or another place. You need to be able to prove who you are and where you live and where the money is coming from in order to pay for whatever purchases that you make, pretty simple. If you live outside that country, it's much more difficult and it may be easier to open up an account here in the United States than invest in companies that are trading in Hong Kong. It used to be in the old days you had to open up an account in Hong Kong to buy Hong Kong stocks. You don't today. You can open up an account in New York or wherever it is that you live and by Hong Kong stocks directly there, whatever way works easier. You need your drivers license, perhaps a passport, birth certificate. That should do it. Brokerage firms or banks where you can go to open up an account, well one of the largest is Credit Lyonnais Securities Asia or CLSA. If you live in Hong Kong you know them well. Standard Bank is based in Hong Kong. Merrill Lynch, Goldman Sachs, Bank of America are all in Hong Kong. Those are examples. So, I'm Roger Groh and that's a little bit about where to go and how to open the account in Hong Kong and I hope it helped. Thank you for spending a few minutes with me."