Turmoil in Hong Kong affects not only those with direct southern Chinese exposures but  many other Australian investment communities who have back office, custodial and transactional accounts directly or indirectly stored on servers physically hubbed in the city.

Regional, international and even Australian-domiciled but regionally transactional financial conglomerates remain unofficially heavily engaged and interdependent with Hong Kong, as well as Singapore, for Australian clients. Examples include international custody accounts for trading, exchange traded funds, foreign exchange, fund managers, private banks, prime broking and insurance services, all of which use financial intermediaries that depend on server, cloud and technology infrastructure hosted near Australia.