I am relatively new in Hong Kong, just been around a year plus...and just starting to save and looking to invest upon reading some finance/investment books.
I would appreciate if you could offer some advice on my situation.
A bit of myself: Before turning 30 years, and I wanted to invest in index funds - I thought that the good starting point was through HSBC (thought its safer than using a broker).
So today i visited one of the branches. but disappointingly i was told that HSBC has a policy of not opening an investment account for non-permanent residents. I explained to them I am planning to stay in hong kong for the long term at least over five years.. But they rejected to open an investment account because I was foreign national with no permanent address in hong kong...
Could anyone advice how to/ where to open an account to buy indexes?
I originally planned to set aside 12k every month (after rent and other living expenses) and am looking to automate my investing, but after HSBC refusal, i feel clueless and dejected..
This is my first time investing (first time committing to savings as well), and would like to hear your insights.
Thank you so much for reading this!!