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Tougher rules dragging out HNWI account opening process

Indira Vergis
Client on-boarding times are getting significantly longer to the growing frustration of private bank clients, a Hong Kong survey of wealth management firms shows.
Tougher rules dragging out HNWI account opening process

It's taking considerably longer to open new wealth management accounts in Hong Kong as tougher regulations bite, but bankers hope to reverse the trend in time by upping their digital capabilities.

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