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HK residents rush for offshore bank accounts on China law worries: sources

HK residents rush for offshore bank accounts on China law worries: sources

Postby smix » Mon Jun 08, 2020 8:01 pm

HK residents rush for offshore bank accounts on China law worries: sources
Reuters

URL: https://www.reuters.com/article/us-hong ... SKBN23F0W8
Category: businessNews
Published: Mon, 08 Jun 2020 04:19:23 -0400

Description: Banks including HSBC, Standard Chartered and Citigroup have seen a spike in enquiries from Hong Kong residents about opening offshore accounts amid concerns stemming from China's decision to impose a national security law on the city, five people said.
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