for more than six months even as other companies with perceived links to Beijing have seen premises vandalized, including Bank of China , Hong Kong’s second largest bank behind HSBC.But more recently, HSBC has drawn the ire of some protesters who accuse it of being complicit in action by the authorities against activists trying to raise money to support their campaign.
HSBC said in a statement after the arrests that the decision to close the account was “in accordance to international regulatory standards.” Some had their windows smashed and “support Spark Alliance” was spray painted on their walls during a New Year’s Day anti-government protest march. Others were damaged during protests on Christmas Eve.
Beijing plans to integrate the Pearl River Delta and Hong Kong and Macau to create an economic powerhouse under its Greater Bay Area Initiative.Vincent Yu/The Associated Press
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