However, HSBC (what was HongKongandShanghaiBank, and one of the largest banks in the world) seems to think that you really, really need to know exactly where the nearest bank branch is.
HSBC, the giant global bank with HongKongandShanghai in its name, believes professional money managers are very under-invested in emerging markets like China.
It has not helped that China has jealously guarded its political prerogative to deal with its own black sheep: foreign regulators were denied access to the bosses of Shanghai Land, Euro-Asia andBank of China's HongKong subsidiary, even though these companies had foreign investors.