Any further details?
https://twitter.com/ezracheungtoto/s...98428795711488
Any further details?
https://twitter.com/ezracheungtoto/s...98428795711488
I’m pretty sure that statement from Ezra is not true. If they would do that it would be the end of HSBC here and probably HK as a financial hub.
Probably misinterpreted something.
This seems to be the source:
https://twitter.com/studioincendo/st...97540186284034
and this seems to be the most logical explanation, just a legalese disclaimer for banking jurisdiction purposes:
https://twitter.com/mtpurbrick/statu...02559396683780
Wow they wanna have controls in place? Who was fined/reprimanded for manipulating LIBOR, fined for manipulating precious metals / spoofing, fined for manipulating FX, fined for selling minibonds sh*t, fined for dealing with dodgy entities etc
its 2021 guys - just switch bank already
wherher your retail or private bank or commercial.
Perfectly normal I think.
Just like US banks have products and services which may not be authorised in HK.
Looks a bit desperate to link this to capital controls. When thst happens it will not be an update to a mobile app T&C...
To read a book?
https://en.m.wikipedia.org/wiki/The_Boy_Who_Cried_Wolf
Found the message on their site - have not encountered it otherwise. Probably just legalese - but sure could do with a clarification in this time and age.
https://cdn.hsbc.com.hk/content/dam/...king-terms.pdf
Bizzare that local press are picking this up... perhaps thats what started the spread.
https://std.stheadline.com/realtime/...9C%8D%E5%8B%99