Generally no, as long as you have an HSBC premier mastercard credit card and show this at the lounge they should let you in. Only the back of the card states where it was issued and the staff at the lounge are unlikely to check it. I've used my UK HSBC premier mastercard to access lounges in Indonesia and Japan.

Finding out in which airport lounges allow access to HSBC Premier can be difficult as there is no central list. Best thing to do is go to the local country HSBC website of the country you are visiting and check out the premier benefits.