HSBC, AIA, Prudential Shares Slide After Report of Hong Kong Bank Account Curbs

Mainland Investors Scramble for Hong Kong Accounts as Offshore Trading Curbs Bite

Mainland Investors Scramble for Hong Kong Accounts as Offshore Trading Curbs Bite - New restrictions on cross-border brokerage platforms are pushing investors to open accounts in person, creating a windfall for smaller Hong Kong firms

HSBC, AIA Slump After Report of Hong Kong Bank Account Curbs

Hong Kong banks tighten rules in mainland China as Beijing pores over outflows

Some banks are exercising more caution with offshore accounts for their mainland China clients amid tighter investment controls from Beijing.

Billions wiped off UK-listed banks as Beijing tightens grip on capital flight

Billions of pounds were wiped off the value of London’s Asia-facing financial giants after it emerged that lenders have stopped opening Hong Kong bank accounts for mainland Chinese clients, as Beijing intensifies its campaign against capital flight. Standard Chartered shares slid 6 per cent, HSBC lost 4 per cent and the insurer Prudential dropped 6.5 per cent after the South China Morning Post reported that residents on the mainland now face far…

HSBC, AIA, Prudential shares slide after report of Hong Kong bank account curbs

The lenders are ramping up scrutiny of mainland Chinese clients opening savings and investment accounts Read more at The Business Times.