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The Hong Kong Monetary Authority has taken action, and banks are tightening their measures. The convenience of Hong Kong as a capital channel is subtly changing, requiring a reassessment of the strategic layout.
Sources familiar with the matter revealed that, in accordance with the Hong Kong Monetary Authority's requirements, some banks in Hong Kong have started to tighten investment account openings since May 26, including the need to sign paper declarations, but there is no impact on savings accounts.