Protests disrupt Hong Kong banks’ operations

Maria Nikolova

Banks such as HSBC and Standard Chartered have closed branches in areas affected by the protests.

The continuing protests over a controversial piece of legislation in Hong Kong have affected the operations of local banks. Bank offices in areas where protests are concentrated remain closed today, as indicated by announcement by local financial services providers.

HSBC says on its website that the HSBC Pacific Place Premier Centre and Pacific Place Day & Night Plus is closed from 12 noon on June 12, 2019 until further notice due to public events. HSBC customers who require to use HSBC’s banking services during the period at Admiralty are advised to visit the Hay Wah Building Branch and Premier Centre, or to use the Bank’s personal internet banking, mobile banking or phone banking.

Standard Chartered Hong Kong temporarily suspended branch operations in Admiralty until further notice due to traffic disruption. The aim is to ensure safety of staff and customers. The bank has suspended the operations of the two branches in Admiralty due to severe traffic disruption in the area. Banking services in Admiralty district, including branch services, cheque deposit service, ATMs and cash and deposit machines, are temporarily suspended until further notice.

Branches that are temporarily affected include:

  • Admiralty Branch
  • Admiralty Priority Banking Centre

Customers who would like to carry out banking transactions during the period are advised to proceed to Standard Chartered branches in other districts. Customers can also perform banking transactions via mobile and online banking.

OCBC Wing Hang Bank today announced that its United Centre branch and related banking services have to be temporarily suspended until further notice.

Customers are asked to proceed to other OCBC Wing Hang Bank branches for services. Customers are also encouraged to use the online banking services for banking transactions or services.

A Hong Kong Government spokesman said today that a riot broke out in the Admiralty area, with protesters causing serious obstruction to major trunk roads and great inconvenience. The spokesman said a number of protesters had used very dangerous weapons and a high level of violence.

Members of the public should not go to the Admiralty area.

Read this next

Digital Assets

Crypto ETFs to debut in Hong Kong next week

Hong Kong has authorized six cryptocurrency-based spot ETFs set to launch on April 30, according to Bloomberg.

blockdag

BlockDAG Among The Best New Crypto To Invest In Post 8 Billion Coins Sales; More On Bitcoin Cash Futures’ Launch & Solana Positive Predictions

Explore Solana’s ATH predictions to see whether it can rise after a $17B dip? BlockDAG sells 8 billion coins in presale as Bitcoin Cash Futures launch.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary:USD, FED, German IFO ,Gold April 24 ,2024

Mixed US economic data and Fed rate hike uncertainty are causing volatility in the EUR/USD pair, while the Eurozone and gold prices add another layer of complexity.

Market News, Tech and Fundamental, Technical Analysis

EURCHF Technical Analysis Report 24 April, 2024

EURCHF currency pair can be expected to rise further toward the next major resistance level 0.9840, which stopped the pervious waves C and B, as can be seen below.

Digital Assets

Binance’s CZ could stay in prison until 2027, wife begs for mercy

Changpeng “CZ” Zhao, the founder and former CEO of Binance, has apologized for his decisions and accepted “full responsibility” in a letter to U.S. District Judge Richard A. Jones.

Digital Assets

Monex Group expands crypto business with 3iQ takeover

Monex Group has completed the acquisition of a majority stake in 3iQ Digital Holdings, Inc., a Canadian digital asset investment fund manager, as part of its strategy to expand its crypto business.

Education, Fintech, Inside View

How to Get Into Fintech: Best Tips to Succeed

The Fintech sector is experiencing significant growth, with fresh opportunities emerging rapidly.  Innovations such as machine learning and cryptocurrency are revolutionising finance, leading to a need for trained experts.

Digital Assets

FalconX launches Prime Connect on Deribit

“We are pleased to launch Prime Connect with Deribit and look forward to providing our full suite of prime services which allow institutions to confidently scale their digital assets portfolios while trading on exchanges.”

Retail FX

Lion launches multi-currency trading accounts powered by AI

The core advantages of multi-currency trading account services include enabling significant cost savings and higher efficiency for investors.

<