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
Futu Launches Deepseek-Powered Tools To Simplify Research For Retail Investors
Online broker Futu introduced AI-powered tools using DeepSeek, a Hangzhou-based start-up. Futu joins around 20 Chinese ... Read more
Visa Study: 77% In APAC Switch Remittance Providers For Better Rates, Ease Of Use
Cross-border payments are now entrenched in the global economy, with 771 million people using them every year, accordin... Read more
HKMA Issues Staking Guidelines For Crypto Custody Service Providers
The Hong Kong Monetary Authority (HKMA) has released guidelines for authorised institutions interested in providing sta... Read more
70% Of Hong Kong Executives Expect Financial Crime Risks To Rise In 2025: Kroll
Kroll, an independent provider of global financial and risk advisory solutions, released findings from its Kroll 2025 F... Read more
Hong Kong Emerges As A Prominent Fintech Hub With A Thriving And Maturing Sector
Hong Kong has established itself as a thriving fintech hub, boasting a mature and expanding sector. A new report produc... Read more
Latest Banking Bill To Enhance Secure Information Sharing Between Authorised Institutions
The Government published the Banking (Amendment) Bill 2025 in the Gazette on 28 March 2025. The Bill aims to improve th... Read more