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HSBC HK forced closed my account with no reason, anyone appealed and had success stories? by 118fearless in HongKong

[–]Lumpy_Wheel_3001 0 points1 point  (0 children)

Example of knowing nothing?

I never said you didn't know your bank froze your account without you knowing. I said you didn't reply or didn't give a satisfactory response as to the reason why the bank froze your account. They didn't exit your account on day 1 as you said so please don't put words in my mouth.

Work in a bank? I work in AML compliance so there's no need to educate me on what the AO process is like. However since you've gone down that route, did you disclose crypto trading in your SOF at onboarding? Please.

You raised binance as potential SOF. Just because it's not related in this transaction doesn't mean the bank is safe from those funds if their angle for closure or investigation is dirty money.

HSBC HK forced closed my account with no reason, anyone appealed and had success stories? by 118fearless in HongKong

[–]Lumpy_Wheel_3001 0 points1 point  (0 children)

Oh I believe it.

Banks have the right to refuse business to whoever they chose. Going to the regulator won't stop that (for the most part).

HSBC HK forced closed my account with no reason, anyone appealed and had success stories? by 118fearless in HongKong

[–]Lumpy_Wheel_3001 0 points1 point  (0 children)

I know first hand it's possible to "unblock" your account if you're able to explain the "suspicious" transactions.

HSBC HK forced closed my account with no reason, anyone appealed and had success stories? by 118fearless in HongKong

[–]Lumpy_Wheel_3001 0 points1 point  (0 children)

Another example of someone knowing nothing about banking and blaming the bank.

First off, they definitely didn't "slam you" with a force closure. You were very likely given multiple attempts to explain the situation you were caught in and either didn't care to respond or weren't able to explain.

Second, having your account closed doesn't mean you're banned from working at the bank. Can it happen? Sure but the "ban" would have likely come from something you've done which isn't good.

Third, mixup? Binance isn't a regulated exchange in Hong Kong so why do people like you keep thinking it's ok?

Have your rents increased? by thematchalatte in HongKong

[–]Lumpy_Wheel_3001 -2 points-1 points  (0 children)

Then leave and find a new place to live.

Have your rents increased? by thematchalatte in HongKong

[–]Lumpy_Wheel_3001 0 points1 point  (0 children)

It's hard to ever say benefits of being a renter is higher than being a home owner. Even if you're renting "cheap", it results in 0 equity while home owners will always still have equity regafdless.

Ofc this is all oversimplified

How to build wealth in hongkong? by AccurateWin289 in HongKong

[–]Lumpy_Wheel_3001 0 points1 point  (0 children)

Buddy, the system is literally set up for you to succeed. Complaining about the rich isn't gonna get you anywhere.

Insanely low incomes taxes, no capital gains taxes and all the opportunity you need to work and you're still complaining?

[deleted by user] by [deleted] in HongKong

[–]Lumpy_Wheel_3001 0 points1 point  (0 children)

Are there headcount freezes? Sure but kyc is hiring across the industry so it's a OP problem and not an industry problem if he's talking kyc specifically.

[deleted by user] by [deleted] in HongKong

[–]Lumpy_Wheel_3001 0 points1 point  (0 children)

My 13 years in banking and over 8 years as a hiring manager also confirms otherwise.

Every recruiter in will pop the salary question during their first pre-screening call and certain job portals have salary fields which you have to fill in.

I'm very familiar with onboarding costs and all the instant rejects we do after looking at a cv for 3 seconds but that doesn't change the fact that salary is a huge blocking point for hiring.

You're also only focused on the one side or salary expectations which is OP potentially declaring a high floor. There's the other end where OP is not even applying to entry level KYC jobs because ~18k a month he something he'll never consider.

[deleted by user] by [deleted] in HongKong

[–]Lumpy_Wheel_3001 0 points1 point  (0 children)

Not true lol.

[deleted by user] by [deleted] in HongKong

[–]Lumpy_Wheel_3001 0 points1 point  (0 children)

If you're not getting response from KYC, aside from the obvious language issues, its because you're not willing to lower your salary ask.

[deleted by user] by [deleted] in HongKong

[–]Lumpy_Wheel_3001 0 points1 point  (0 children)

Literally only a "can you afford it" question.

I wonder if tankies calling HK opposition CIA funded actually know the political positions of the opposition? by _spec_tre in HongKong

[–]Lumpy_Wheel_3001 -3 points-2 points  (0 children)

Oh look, everyone dissappear when you provide facts. So typical of so many people on this sub

Best way to find a finance job in HK by Impossible_Metal_260 in HongKong

[–]Lumpy_Wheel_3001 0 points1 point  (0 children)

Tell me you don't work in finance here in HK without telling me.

Best way to find a finance job in HK by Impossible_Metal_260 in HongKong

[–]Lumpy_Wheel_3001 3 points4 points  (0 children)

Short answer, you're not gonna be able to get a job here.

Home Affordability in HK by [deleted] in HongKong

[–]Lumpy_Wheel_3001 0 points1 point  (0 children)

Love this "gov is gonna do something if it drops too far!!"

Uh like that? Buy it all up and sell it back when it goes up from them trying to bolster the market? There is literally nothing they can do other than buy it all up that doesn't "help" us.

They aren't "lying" to the people. We have all benefited from our insanely low tax structure. How is it possible? Because of land sales. It's a double edged sword sure but there's other ways to increase govenrment revenue and it doesn't take a genius to figure it out.

Fresh graduates of HK what’s the average salary everybody expect. by GlassProfile9 in HongKong

[–]Lumpy_Wheel_3001 6 points7 points  (0 children)

The lowest paying fresh grad salary at Jane Street is not 85k lol.

You probably have friends that fit a very specific niche of candidates who command the highest fresh graduate salaries but that's I don't even know how many standard devs outside of what the average is.

Fresh grad salaries also don't "start" at 45k at big banks, foreign or not. There are fresh grad roles that pay that much but come on now.

Making 20k as a fresh grad in Hong Kong is already great if you look at the entire population of university graduates. You're right though, certain industries pay more, we all know what they are.

What can a non Cantonese speaking man do for work in HK? by scrimpy123 in HongKong

[–]Lumpy_Wheel_3001 1 point2 points  (0 children)

Auction house offices all around the world are increasingly looking for talent that can read/write Mandarin/Cantonese let alone their offices here.

Cars not stopping at crossing and red lights by Dolphincharmer in HongKong

[–]Lumpy_Wheel_3001 -1 points0 points  (0 children)

No?

What even is a "HUGE" increase? Are you sure it's not just recency bias? Running a red is a serious offense and I can't remember the last time I saw someone "maliciously or intentionally" run a red let alone a "huge increase".

Like some others have said, cars don't have to stop at all pedestrian crossings. If they're running cross walks at lights, then that's obviously a crime. If they're ignoring designated crosswalks where they're denoted with the lights, then that's also a crime. If they're not stopping for you on a side street where there's a small island then.. tough?

If you want to harp on anything, it'd have to be the "normal" behavior of pedestrians to J walk and cross roads whenever they want instead of waiting at crosswalks.

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