In this article for International Man, I discuss banking in Hong Kong and China, and why UnionPay can be useful for international diversification.
I argue that people should not keep all their wealth, banking access, and payment systems under one government’s jurisdiction. Hong Kong and China offer ways to diversify banking exposure, while UnionPay provides an alternative to Visa and MasterCard. For those seeking financial resilience, jurisdictional diversification is not a luxury. It is a form of self-protection.