HSBC Hong Kong CEO: Obtaining a license and passing the review allows for account opening at the bank

ChainCatcher news, according to the Hong Kong Economic Journal, HSBC Hong Kong CEO Helen Wong responded to the "SAR government's hope to expand the virtual asset industry in Hong Kong and build a good ecosystem, but there are reports that technology companies face difficulties when opening bank accounts" by stating that misunderstandings may have occurred in communication between operators and banks. She mentioned that the Monetary Authority and the Securities and Futures Commission have established a clear framework, and that licenses can be obtained by meeting specific conditions. Furthermore, if they can pass HSBC's Know Your Customer (KYC) and Anti-Money Laundering (AML) checks, they can naturally open accounts with the bank. "As for the complaints (noise) in the market, it should be inquired whether the operators comply with the regulatory framework."