Church Says Its HSBC Bank Account Has Been Frozen
"); jQuery("#212 h3").html("

"); });
2020-12-08 HKT 01:29
The Good Neighbourhood North District Church on Monday claimed its HSBC bank account, and those of its Pastor Roy Chan and his wife, had been frozen.
In an open letter to the bank, it described the move as political retaliation for work by some of its volunteers in support of anti-government protesters. It said mainly elderly and middle-aged volunteers of one of its groups, "Safeguard Our Generation", had offered what it described as humanitarian aid to front-line protesters.
The church said it had become a charity in 2016 and the freezing of the account would affect its social work, including the provision of hostel places.
The church's claim comes after the self-exiled former Democratic Party lawmaker Ted Hui, and his family, had money in their accounts frozen.
Police said on Monday that freezing the bank accounts of Hui and his family was the responsible thing to do after the former Democratic Party lawmaker absconded.
The force said it was looking into whether Hui had embezzled around HK$850,000 collected through crowd-funding for private prosecutions, including a case against a police officer who shot a student in the abdomen during last year's protests.
Hui announced last week during a trip to Denmark that he would not be returning to Hong Kong where he was facing prosecution in relation to various protests. From Denmark, he travelled on to the UK.
______________________________
Last updated: 2020-12-08 HKT 08:58
ZA Bank Brings Nasdaq Data To Hong Kong, Expanding US Stock Access And Investor Education
ZA Bank and Nasdaq have announced a collaboration aimed at enhancing digital wealth management in Hong Kong and interna... Read more
Hong Kong To Study One‑Stop Infrastructure For Equities, Bonds And Digital Assets
The Hong Kong Monetary Authority’s (HKMA) CMU OmniClear and the Hong Kong Exchange (HKEX) are set to begin a study on... Read more
Hong Kong To Issue First Stablecoin Licenses In March, Expand Crypto Regulation
Hong Kong will issue its first licenses for fiat-referenced stablecoin issuers in March and introduce new legislation l... Read more
MSIG Joins US$6B IFC Credit Insurance Facility To Boost Emerging Market Lending
MSIG USA and Mitsui Sumitomo Insurance (MSI Japan), together referred to as MSIG, have joined a new insurance-ba... Read more
Why The $2 Trillion Stablecoin Prediction Is Too Low
McKinsey estimates the stablecoin market will hit $2 trillion by 2028. But according to Sam Lin, COO of dtcpay, even th... Read more
RedotPay Eyes US IPO With Potential US$1 Billion Raise
RedotPay is reportedly exploring an IPO in the US that could raise more than US$1 billion, according to people famili... Read more
