China security law has Hong Kongers eyeing offshore accounts

Banks see jump in inquiries as savers wonder whether their nest eggs are safe

20200610 Hong Kong BANKS

Investment managers in Hong Kong say clients are asking about opening accounts in other jurisdictions. (Photo by Rie Ishii)

NARAYANAN SOMASUNDARAM and MICHELLE CHAN, Nikkei Staff Writers

HONG KONG -- Hong Kong banks and investment managers are seeing a surge of inquiries about offshore accounts in the wake of China's decision to introduce a new national security law in the territory.

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