A number of lenders in Hong Kong, including HSBC, have made it particularly difficult for foreign small and medium enterprises (SMEs) to open accounts, the Post has learnt.Sarah Kwok, head of the authority’s banking conduct department, said foreign investment had always been welcomed in Hong Kong but the tighter measures could cost the city its reputation as an international financial centre.Hong Kong has the same population numbers as Switzerland, and about the best example of free market extant. It therefore encompasses many kinds of banking, and what rules it has are more "how to play the hand" rather than worry about the cards dealt.
The regulations in question are largely a result of USA policy laundering, and this represents Hong Kong deciding to disengage to some extent its obedience to USA. That SMEs worldwide are more valuable to Hong Kong than USA is interesting.
If USA expects to survive, one tactic will be to create its own Hong Kong in USA, and that would be easiest to do so with one of the Indian Reservations. One country, two systems.
Feel free to forward this by email to three of your friends.