MCLC: HSBC refuses Joshua Wong an account

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HSBC refuses Joshua Wong an account
The big bank HSBC seems to be exercising of political censorship as well, in refusing the activist Joshua Wong a simple bank account.--Magnus Fiskesjö <nf42 at cornell.edu>
Source: The Guardian (4/6/16)
HSBC accused of censorship for refusing Hong Kong student leader's account
Joshua Wong, the face of the 2014 pro-democracy protests, says the bank refused to set up an account for his new political party
Agence France-Presse
Hong Kong student leader Joshua Wong has accused HSBC of “political censorship” after the bank’s branches in the city refused to open an account for his new party.
Wong, 19, launched the party last month to contest parliamentary elections later this year, saying it would push for “self-determination” over the semi-autonomous city’s future.
Fears over Beijing’s influence have sparked increasing calls particularly among young activists for more autonomy from the mainland, with some advocating outright independence for Hong Kong.
Both the Hong Kong authorities and Beijing have slammed independence campaigners. One new pro-independence party has said it has been blocked from registering in the city.
Wong, who became the face of the city’s pro-democracy movement during mass rallies in 2014, said his application for two accounts with HSBC had been refused with no detailed reason given.
“They may think I’m quite politically sensitive and they need to adopt political censorship,” Wong told AFP.
Wong said he applied for a joint personal account with a fellow campaigner to receive donations for his political party, and a personal account for himself.
“HSBC phoned us and told us that because of administrative arrangements and business reasons, we are not allowed to open the joint account,” said Wong.
“They just continued to repeat to us that it’s a business arrangement, sorry about it.”
Wong said a second application for his own personal account was also rejected, adding that one branch manager told him he would not be able to open any new accounts at HSBC.
The manager, who Wong said refused to provide a written reason, again told him the decision was due to a “business arrangement”, he said.
HSBC told AFP it could not comment on individual cases, but denied there were political reasons at play.
“While we are not commenting on political matters, the bank will not refuse to open an account because of customers’ political views,” it said.
Hong Kong’s freedoms are protected by a 50-year agreement signed when Britain handed the city back to China in 1997, but there are concerns Beijing is weighing in more heavily in a range of areas, from politics to media and education.
HSBC is currently embroiled in the Panama Papers leaks in which it is named as one of the major international banks most involved in setting up offshore companies for wealthy clients.
by denton.2 at osu.edu on April 15, 2016
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