Xu Zhifeng Departs from Hong Kong｜Responding to HSBC CEO's Acceptance of Inquiries from the British Council

Political situation

Written by: Cao Jiajun

2021-01-27 04:32

Last update date: 2021-01-27 04:32

Former Democratic Party Legislative Council Member Xu Zhifeng announced his departure in December last year and stayed in the UK with his family temporarily. After that, his and his family's accounts with HSBC, Hang Seng and Bank of China Hong Kong were frozen.

Noel Quinn, chief executive of HSBC Group, accepted a question from the British Parliament on January 26, stating that Xu Zhifeng's account was frozen because the police were investigating and the bank took action as required by the police.

Xu Zhifeng responded to Facebook in the early morning, saying that he would not accept the explanation from HSBC executives on the freezing of his and his family’s accounts. He pointed out that HSBC had not explained the legal basis for freezing the accounts from the beginning to the end, and when the bank received “notices” from the police that the accounts need to be frozen, the bank’s Whether the action is in accordance with the procedure, etc.

Xu Zhifeng also pointed out that when Qi Yaonian responded to a member’s question, he stated that he was "comfortable" with the practice of freezing the account. He also said that when Qi Yaonian was asked why his family was also implicated, Qi Yaonian said that the practice was used when the police investigated the case. "Not unusual," referring to it as an endorsement by the Hong Kong police.

Qi Yaonian, Chief Executive Officer of HSBC Holdings.

(Profile picture)

Xu Zhifeng pointed out that HSBC's high-level responses were evasive, hypocritical and self-contradictory. In addition to clearly stating their continued support for Hong Kong’s National Security Law, they also violated Hong Kong’s freedom with practical actions.

Xu indicated that he will continue to call on the international community to sanction HSBC and related persons involved in the international lobbying work.

Xu Zhifeng responded to the HSBC CEO's acceptance of questions from the British Council on Facebook.

Xu Zhifeng departs from Hong Kong | HSBC CEO accepts a question from the British Council, saying that the account was frozen at the request of the police

Xu Zhifeng Departs from Hong Kong | HSBC freezes Xu's account and CEO will go to the British Parliament for questioning on Tuesday

Xu Zhifeng Lin Zhuoting and other courts issued arrest warrants to Xu in cases involving obstruction of justice

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Xu Zhifeng HSBC