The paperwork being demanded to open new business accounts in Hong Kong is so complex and onerous that in reality banks’ doors are locked. Photo: Nora Tam
David Dodwell
Opinion

Opinion

Inside Out by David Dodwell

Don’t count on Hong Kong when it comes to one simple thing: opening a business bank account

Global regulatory overkill is forcing banks to refuse accounts to start-ups and young entrepreneurs – a problem that needs solving soon before it hurts the city’s economy

The paperwork being demanded to open new business accounts in Hong Kong is so complex and onerous that in reality banks’ doors are locked. Photo: Nora Tam
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