Two men walk past an HSBC branch office in Hong Kong. The average customer here has over 4.5 separate banking relationships, one of the highest rates in the world. Photo: Vincent Yu, AP Two men walk past an HSBC branch office in Hong Kong. The average customer here has over 4.5 separate banking relationships, one of the highest rates in the world. Photo: Vincent Yu, AP
Two men walk past an HSBC branch office in Hong Kong. The average customer here has over 4.5 separate banking relationships, one of the highest rates in the world. Photo: Vincent Yu, AP
Richard Harris
Opinion

Opinion

The View by Richard Harris

Banks need to buck up, as rival payment methods lurk

Many are starting to wonder whether opening any kind of account in Hong Kong has become too tortuous a process

Two men walk past an HSBC branch office in Hong Kong. The average customer here has over 4.5 separate banking relationships, one of the highest rates in the world. Photo: Vincent Yu, AP Two men walk past an HSBC branch office in Hong Kong. The average customer here has over 4.5 separate banking relationships, one of the highest rates in the world. Photo: Vincent Yu, AP
Two men walk past an HSBC branch office in Hong Kong. The average customer here has over 4.5 separate banking relationships, one of the highest rates in the world. Photo: Vincent Yu, AP
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Richard Harris

Richard Harris

Richard has pioneered Asian investment management at senior levels for companies such as JP Morgan, Citi, BNY Mellon and several start-ups. He has 40 years of experience in a full range of investment and capital markets activities. He is CEO of Port Shelter Investment Management.