Bank

(Central Station) Without a bank account, Carrie Lam faces problems buying an apartment

Carrie Lam Cheng Yuet-ngor will face challenges as a normal citizen after completing her term as chief executive in June.

After her resignation, Lam will continue to be protected by bodyguards. She will have a former EC office, and a driver will serve her. But the list of benefits does not include residency.

Therefore, Lam’s first task after retiring from public service will be to find a new home after leaving Government House. But she will face problems buying a house due to the sanctions imposed by the United States.

The US government announced the sanctioning of banks that serve Lam and a list of Hong Kong and mainland officials involved in implementing the national security law in the city. After that, Lam finds himself without a bank account and without a credit card.

According to earlier statements, Lam and her husband Lam Siu-por do not own any property in Hong Kong. If she decides to buy a new apartment, she will not be able to get a mortgage without a bank account.

In case she goes with cash, she will have to prepare a huge pile of banknotes, considering that the properties cost at least several million HK dollars.

An alternative is for the family to live elsewhere. Lam Siu-por owns a residential apartment in Zhongshan City, Guangdong Province, according to statements made earlier.