from 21st Century Wire:

One man’s disaster is another man’s gain.

During the recent banking upheaval, Chinese depositors withdrew some $240 billion from banks in the US and Switzerland, following the systemic failures of both Credit Suisse and Silicon Valley Bank.

As a result, Hong Kong banks reaped the windfall of capital flows, and have since been forced to suspend vacations for staff to service the new client accounts. Branches of HSBC are opening seven days a week to handle the influx.