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Ted Hui's Credit Card Canceled and Balance
Appropriated by HSBC as a "Commercial Decision"
Ted Hui's Credit Card Canceled and Balance
Appropriated by HSBC as a "Commercial Decision"
The Hongkong and Shanghai Banking Corporation (HSBC) has confirmed that all HSBC credit cards of my family and myself have been unilaterally cancelled without notice by the bank as a "commercial decision" of its. HSBC has stated that the outstanding balance on the credit card shall be deducted from the account; on the other hand, if there is an available balance, it may not be possible to return the sum to me. They have also asked me to call them later and "see what the bank can do about it."
The following points are worthy of public attention:
1. According to the government's announcement, the police has never asked HSBC to cancel the credit card accounts of me and my family. The decision to cancel the credit cards is a political one out of HSBC’s own political consideration, with a view to aiding the regime to crack down on opposition voices. This deed has no legal basis at all.
2. On the credit cards of both my family and myself, as a result of consumption refunds, the credit is more than the debit. The balances (around a few tens of thousands of Hong Kong dollars) are all private property protected by Hong Kong’s Basic Law. They are now unlawfully embezzled by HSBC without any explanation.
3. My family and I have been customers of HSBC Premier for decades. We have always had a good credit history. Our past mortgages and repayments were all handled via HSBC. Now, under a "commercial decision" that has nothing to do with credit, the bank arbitrarily cancels customers' credit cards and embezzles their assets, acting like a robber.
To me and my family, canceling the credit card is not a big deal; I can apply for one at other banks around the world. But the reason why my experience is important to Hong Kong is because it reflects the business community’s attachment and obedience to the regime under the National Security Law, which can completely override law and policies, and the regulators can only be "politically correct" and helpless.
Such an established bank actually have become so ugly and so degenerate. How Hong Kong's banking and financial system will continue to be dragged to Hell, one may wait and see. I solemnly request HSBC to publicly account for the incident and I demand the regulatory institutions to look into it, otherwise I will consider taking other international follow-up actions. The details will be announced later.
#HK officials and their families under international sanction actually keep their bank accounts as well as credit cards
(Credits: translated by Chapman)
https://m.facebook.com/story.php?story_fbid=1704755799706609&id=178843345631203
Ted Hui's Credit Card Canceled and Balance
Appropriated by HSBC as a "Commercial Decision"
Ted Hui's Credit Card Canceled and Balance
Appropriated by HSBC as a "Commercial Decision"
The Hongkong and Shanghai Banking Corporation (HSBC) has confirmed that all HSBC credit cards of my family and myself have been unilaterally cancelled without notice by the bank as a "commercial decision" of its. HSBC has stated that the outstanding balance on the credit card shall be deducted from the account; on the other hand, if there is an available balance, it may not be possible to return the sum to me. They have also asked me to call them later and "see what the bank can do about it."
The following points are worthy of public attention:
1. According to the government's announcement, the police has never asked HSBC to cancel the credit card accounts of me and my family. The decision to cancel the credit cards is a political one out of HSBC’s own political consideration, with a view to aiding the regime to crack down on opposition voices. This deed has no legal basis at all.
2. On the credit cards of both my family and myself, as a result of consumption refunds, the credit is more than the debit. The balances (around a few tens of thousands of Hong Kong dollars) are all private property protected by Hong Kong’s Basic Law. They are now unlawfully embezzled by HSBC without any explanation.
3. My family and I have been customers of HSBC Premier for decades. We have always had a good credit history. Our past mortgages and repayments were all handled via HSBC. Now, under a "commercial decision" that has nothing to do with credit, the bank arbitrarily cancels customers' credit cards and embezzles their assets, acting like a robber.
To me and my family, canceling the credit card is not a big deal; I can apply for one at other banks around the world. But the reason why my experience is important to Hong Kong is because it reflects the business community’s attachment and obedience to the regime under the National Security Law, which can completely override law and policies, and the regulators can only be "politically correct" and helpless.
Such an established bank actually have become so ugly and so degenerate. How Hong Kong's banking and financial system will continue to be dragged to Hell, one may wait and see. I solemnly request HSBC to publicly account for the incident and I demand the regulatory institutions to look into it, otherwise I will consider taking other international follow-up actions. The details will be announced later.
#HK officials and their families under international sanction actually keep their bank accounts as well as credit cards
(Credits: translated by Chapman)
https://m.facebook.com/story.php?story_fbid=1704755799706609&id=178843345631203
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