Hong Kong residents eye offshore bank accounts

With the national security law China has passed in Hong Kong, banks including HSBC, Standard Chartered and Citigroup have seen a spike in enquiries from Hong Kong residents about opening offshore accounts.  "It's clear that wealthy families across the city are opening offshore accounts in an effort to protect their assets against any uncertainty. Whilst Hong Kong has long been recognised as an offshore banking centre, affluent individuals have long been banking offshore in an effort to protect their wealth," said James Turner, director at company formation specialists, Turner Little. ...