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HKMA: Mainland account openings in Hong Kong unaffected by new rules

Chinese Mainland customers can still open bank accounts in Hong Kong “smoothly” as lenders implement new regulatory requirements, the Hong Kong Monetary Authority (HKMA) said on Saturday. “The banking industry has implemented the new regulatory requirements set out in the HKMA circular to ensure the account opening process is compliant and orderly,” a spokesperson of the HKMA said. “Chinese Mainland…

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