[Hong Kong 2nd Reuters]-Hong Kong demonstrators who continue protests triggered by the amendment to the "Fugger Ordinance" are turning their anger toward mainland Chinese companies and companies that are close to China. There are a series of damages such as graffiti written on the streets and stores being destroyed.
Demonstrations held over the weekend targeted some of China's major banks, including the Bank of China <601988.SS>, and slogans criticizing China were sprayed on branches and ATMs were destroyed. Etc. International financial institutions such as Standard Chartered <STAN.L> were spared damage.
Stores operated by the Hong Kong food giant Maxims Caterers, such as the US coffee chain Starbucks <SBUX.O>, were also damaged. Several Starbucks stores were marked with Chinese graffiti. It seems that this is because Maximus Caterers' founder's daughter made a critical statement about the demonstrators at the UN Human Rights Council in Geneva.
Companies operating in Hong Kong, where many global businesses are gathered, are between the demonstrators and the mainland Chinese government, and are faced with difficult responses.
