Hong Kong's local accounts and offshore accounts are normaly the same on basic function, the differences as follows:
1, you can not access to cash with hk account but only through Internet Bank.
2, Hong Kong local accounts charges few, and offshore accounts charges on each cash.
3, offshore account holders can open an account with ID, and Hong Kong local account must have a passport or permit.
4,HK local account fully functional, while the offshore account is limited in some functions.
5, opening speed, the local account faster, slower off-shore account.
Local accounts: You can exchange earnings, transfer, T / T, L / C, access to free
Offshore accounts: You can exchange earnings, transfer, T / T, L / C, shortcomings that are not mentioned in the mainland now, save now, deposit a check. If you want to take is to go to individual accounts, domestic personal account access is also limited, an ID card for one year only settlement 5WUSD. Of course, you can go to companies that can receive foreign currency account.