The exiled former Democratic Party legislator Xu Zhifeng today (2) posted on his facebook page to criticize HSBC for political decisions, even his account balance of tens of thousands of Hong Kong dollars was also embezzled.
He accused HSBC of cancelling his and his family’s credit cards and embezzling their surplus because of a political decision to help the regime fight against opposition voices.
Xu Zhifeng has earlier revealed that his credit card was suspended and could not be used locally in the United Kingdom, and even information about the credit card has disappeared from the online banking account. He said this morning that HSBC has confirmed that he and his family all HSBC credit cards have been unilaterally cancelled by the bank without notice, because of the bank’s “commercial decision”.
He stressed that the government has publicly said that the police never asked HSBC to cancel its accounts, so it believes that this is HSBC’s own political decision, “to help the regime to combat opposition voices, the practice has no legal basis at all.”
He and his family have a surplus of tens of thousands of Hong Kong dollars in their credit card accounts due to refunds, which is private property, but now HSBC has “illegally embezzled” it without providing any explanation, acting as if it were a bandit.
He is seriously requesting HSBC to give a public account of the incident, and asking the regulator to investigate, and he is considering other international follow-up actions. The newspaper is inquiring with HSBC about the incident.
The Democratic Party’s Xu Zhifeng, who has resigned from the Legislative Council, went to Denmark for a visit in early December last year, and later his parents, wife and children also left Hong Kong. He originally denied going into exile, but finally issued a statement through the Democratic Party on December 3, saying he would quit the Democratic Party and go into exile overseas. The Hong Kong police then pursued Xu Zhifeng on suspicion of violating Hong Kong’s national security law and money laundering charges, accusing him of embezzling millions of dollars in deposits obtained through online crowdfunding, and freezing at least five accounts of him and his family, including HSBC, involving about 850,000 Hong Kong dollars. Xu Zhifeng criticized the police and HSBC political suppression, arbitrary use of Hong Kong’s national security law to freeze the assets of the public, stressed that the online crowdfunding funds deposited in the lawyer’s office account, and has made public the audit report, he described the matter as a serious blow to the credibility of Hong Kong’s international financial center system. Xu Zhifeng and his family’s HSBC bank account was later briefly unfrozen, they have transferred their savings to a safe place, and HSBC has only responded to the incident so far that “the relevant facts were distorted”, but did not elaborate.
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