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I often deposit money at HSBC in Hong Kong. This is an HSBC branch yesterday.
Recently, every HSBC branch in Hong Kong is packed with people opening accounts; the queues can be several hours long.
I heard HSBC One is charging a fee for accounts under HKD 10,000?
If you don't even have HKD 500,000 to open a Preferred account, why would you need a Hong Kong card?
Without a strong connection to overseas, there's absolutely no need for a Hong Kong card.
Many people on Twitter are just following the trend and getting U-cards and Hong Kong cards; I can only say...

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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