A question for the forum:
My family and I are in HK 2 years, and plan to stay for the foreseeable future. As such, I want to open an investment account that trades in HKD to get some return on cash that is in our account. HSBC told me that they cannot open investment accounts for US citizens. Our 'relationship manager' was neither helpful nor insightful as to why this is.
Does anyone here know if this is an HSBC thing, or if there are larger regulation issues and this is simply not allowed?