Political situation
Written by: Peng Zhuowei
2021-01-02 17:08
Last update date: 2021-01-02 17:14
Xu Zhifeng, a former Democratic legislator in the United Kingdom, posted on Facebook this morning (2nd) that HSBC unilaterally and without notice canceled all HSBC credit cards of him and his family because of the bank's "commercial decision."
Xu Zhifeng criticized HSBC for political considerations and suspected of embezzling the balance, and urged HSBC to publicly explain the incident and request the regulator to investigate.
Chen Zhenying, a member of the financial sector’s legislative council, said that the cancellation of Xu Zhifeng’s credit card by banks is "a very normal thing." He believes that banks grant credit cards to customers based on two major principles, namely credit rating and whether there is a fixed income. If you are a fugitive, you will have credit?"
Xu's family credit card was also cancelled. Chen Zhenying: expected to have no fixed income in Hong Kong
Regarding the cancellation of Xu Zhifeng’s family’s credit card, Chen Zhenying pointed out to "Hong Kong 01" that it is believed that his family has no fixed income in Hong Kong. He emphasized that every decision of the bank has only commercial considerations, and hopes that Xu Zhifeng will not be related to politics in everything. Confuse.
Xu Zhifeng pointed out that the surplus in his and his family's credit card was more than owed, and the balance was about tens of thousands of Hong Kong dollars. However, he quoted HSBC as saying that the credit card balance may not be refundable to him.
Chen Zhenying estimated that this was because Xu Zhifeng's HSBC account had been frozen and the bank was unable to refund him. However, he stated that the other party could entrust a lawyer to follow up. He believed that HSBC would not return the balance in the card to Xu Zhifeng for no reason.
Chen Zhenying also refutes Xu Zhifeng’s claim that he has a good credit record, saying that everyone’s credit rating will change over time. For example, “A person who broke his fortune can say that he had a good credit record before.” and emphasized that the most important thing is that financial institutions such as You can look at credit ratings, not by yourself.
When commenting on the Xu Zhifeng incident on Facebook, DAB Legislative Council Member Zhang Guojun also pointed out that the other party "is writing a series of grass-roots people, and he has no credit for his credit card?" (Photo by Zhang Haowei)
The DAB Legislative Council Member Zhang Guojun also commented on the Xu Zhifeng incident on Facebook. He pointed out that the other party "has a sloppy editor, personally has no credit and has a credit card?" Then he said, "You are afraid that Bank of America is willing to open a credit card?" Snowden, if you cancel it, it really needs to be investigated! Credit is not something everyone has. In the future, if you don’t pay the bank to chase you, it’s okay if you are political persecution.”
HSBC cancelled his and his family’s credit card Xu Zhifeng: suspected of embezzling the balance
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Xu Zhifeng HSBC HSBC Chen Zhenying