I need to bring about $10,000-$15,000 USD into HK. We are leaving for HK tonight and would like to use this money to open a new bank account in HK even though we dont have a permanent address yet.
I've done a few searches, but with a dreadfully slow internet connection at my in-laws, I've received few results. What we would like to know is:
1) Should we bring cash and exchange/deposit in new acct?
2) Should we order traveler's checks and exchange/deposit in new acct?
3) Should we leave our money where it is and wire funds into our new bank once they open it? (will they even open account without a few thousand dollars? -esp if we dont have an address yet).
4) Any better options?
Regarding exchange fees, I've seen a few mentions of something like chungking mansion? (I'm sure I got that wrong, but hopefully you know what I mean anyway). Who are they and where are they located? Do they have a website? Are they indeed the best option for this kind of exchange?