Hong Kong Chamber of Commerce are hosting a seminar soon to touch on this, the CE of HSBC is the main talker.
https://www.chamber.org.hk/en/events...SN&language=en
Open to members only, i'll be going, i'll provide some feedback here if i remember.
Hong Kong Chamber of Commerce are hosting a seminar soon to touch on this, the CE of HSBC is the main talker.
https://www.chamber.org.hk/en/events...SN&language=en
Open to members only, i'll be going, i'll provide some feedback here if i remember.
Don't worry about remembering. I'll remind you.
Would be interesting to see how if/how he deals with the issue of inexperience and system flaws in their document handling. Have heard from several people that HSBC keeps asking them for the same document several times...
Was going to, but someone else who was at the event told me it was a bit of a time waste in terms of new information / procedures. Same as what you just posted.
Happened to be in a conversation with our accountant and he was saying that it is infact easier to send clients to Singapore to open accounts with DBS (offshored / BVI companies) than bother with HK banks. DBS in HK flat out refuses to open accounts if you have any signs of BVI / anonymised locations, in your beneficiary list...
Banks only find reasons to protect them and explain to you it is not the problem of them. I understand that banks still want to do businesses, but now they need to comply with many regulations.