Pressure grows on HSBC for freezing Hong Kong activist’s account

Pressure grows on HSBC for freezing Hong Kong activist’s account

Ex-lawmaker Ted Hui says it happened after declaring he would go to Britain to continue his pro-democratic activities.

Pro-democracy lawmakers Lam Cheuk-ting and Ted Hui (right) at a rally in Hong Kong in August 2019. (AP pic)
HONG KONG:
HSBC Holdings Plc has drawn fire from an international coalition of senior politicians over its decision to freeze the bank account of prominent pro-democracy activist Ted Hui in Hong Kong, The Times reported on Monday.

A group consisting of more than 50 politicians, including former Tory leader Iain Duncan Smith, have written to HSBC Chairman Mark Tucker demanding he unfreeze the accounts of Hui and his family, according to the report.

In their letter, seen by The Times, members of the Inter-Parliamentary Alliance on China say it is “highly concerning” that the accounts of Hui’s family members are frozen, even though they are not subject to any charges.

They also warn that HSBC has “compromised clients’ assets and private property rights without regard to the law and due procedures”.

The letter, as per the Times’ report, also asks the bank to provide a “formal explanation” for its decision to freeze the accounts and urges it to publicly commit to “protecting the access to funds of individuals and their families subject to politically motivated charges issued by the Chinese and Hong Kong authorities”.

Hui, a former Hong Kong lawmaker, had said in December his local bank accounts appeared to have been frozen after he said he would exile himself in Britain to continue his pro-democratic activities.

British lawmaker Chris Bryant had also told the bank’s Chief Executive Noel Quinn last month that HSBC was “aiding and abetting one of the biggest crackdowns on democracy in the world”, during a hearing over its freezing of Hong Kong democrats’ bank accounts.

Stay current - Follow FMT on WhatsApp, Google news and Telegram

Subscribe to our newsletter and get news delivered to your mailbox.