Exiled Hong Kong legislator calls for action after HSBC bank accounts frozen

Ted Hui is the latest pro-democracy figure to leave Hong Kong amid the escalating crackdown on dissent. He revealed on weekend that bank accounts belonging to him and his family had been frozen, which he labelled “political retaliation through economic oppression”.

Following an outcry, Hui said his family’s accounts were partially unfrozen late on Sunday. He said the family were moving funds to other institutions “because of their complete distrust in HSBC”, and he called on regulators to investigate and punish law enforcement officers and banking management who he accused of abusing the law.

The HSBC accounts were frozen again under police orders. Police also said Hui was suspected of “foreign collusion” over social media posts in recants days seeking international support for Hong Kong.

Hui earlier said the asset freezing reflected what banks could do “as a result of political pressure”. And this affected the credibility of Hong Kong as an international banking and finance hub.

Source: The Guardian #Dec07

https://www.theguardian.com/world/2020/dec/07/exiled-hong-kong-legislator-calls-for-inquiry-after-hsbc-freezes-bank-account?CMP=Share_iOSApp_Other

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