As the cross-border e-commerce industry continues to grow, more and more sellers in Shenzhen are turning their attention to the “Saiwei 2.0” model. Many business owners have this question: ❓ What is Saiwei 2. […]

On July 18, the Hong Kong Companies Registry released a set of data that went viral in the cross-border business community. In the first half of 2025, 84,293 new local companies were registered, bringing the total number of registered local companies to 1,494,806—both figures setting new all-time highs.

On July 18, the Hong Kong Companies Registry released a set of data that went viral in the cross-border business community. In the first half of 2025, 84,293 new local companies were registered, bringing the total number of registered local companies to 1,494,806—both figures setting new all-time highs.

Mr. Chen, a Shenzhen-based cross-border business owner, registered a company in Hong Kong last June. When he went to open a Hong Kong bank account this year, the teller asked him to provide a BRN instead of a CR number. He paused for a moment: ”What’s a BRN? I’ve been using this CR number for two years now.”

Mr. Chen, a Shenzhen-based cross-border business owner, registered a company in Hong Kong last June. When he went to open a Hong Kong bank account this year, the teller asked him to provide a BRN instead of a CR number. He paused for a moment: ”What’s a BRN? I’ve been using this CR number for two years now.”