Hong Kong wealth managers adapt as cross-border rules change

Hong Kong private bankers are streamlining client interactions, and rescheduling some mainland marketing events as compliance teams refine internal practices in response to Beijing’s closer scrutiny of cross-border capital flows. Following China’s recent US$330 million in cumulative fines against three online brokerages for unauthorised offshore trading, Hong Kong regulators have tightened oversight, requiring banks and brokers to enhance scrutiny of…

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