Hong Kong financial stocks fell after a report that some banks have suspended opening bank accounts for clients in mainland China, as part of a broader push to stem capital flight after Beijing launched a crackdown on illegal cross-border trading. Bloomberg Intelligence's Francis Chan and Steven Lam discuss the implications. (Source: Bloomberg)
Hong Kong financial stocks fell after a report that some banks have suspended opening bank accounts for clients in mainland China, as part of a broader push to stem capital flight after Beijing launched a crackdown on illegal cross-border trading. Bloomberg Intelligence's Francis Chan and Steven Lam discuss the implications. (Source: Bloomberg)
<iframe src="https://statesidedaily.com/embed/cluster/5dd66ac4a6b9abd00b139b15caa41eec462d7ade" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="Report of HK Bank Account Curbs Sinks Financial Stocks"></iframe>
