South China Morning Post
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Mainlanders can still open bank accounts in Hong Kong despite new rules: HKMA
Mainland customers can still open bank accounts in Hong Kong, but banks must adopt stringent new checks to ensure their processes are โcompliant and orderlyโ, the Hong Kong Monetary Authority (HKMA) said in a statement on Saturday. โThe banking industry has implemented the new regulatory requirements set out in the HKMA circular to ensure the account opening process is compliant and orderly,โ the statement said. โChinese mainland customers continue to apply for opening accounts, and in general,...