Iran Press/ Asia: Protesters attacked some branches of HSBC (HBCYF) this week and daubed red paint on a pair of bronze lions outside the bank's Hong Kong headquarters. HSBC, the largest bank in the city, has been accused of working with Chinese authorities to cut off funding for the protesters.
HSBC has denied those allegations and condemned what it described as repeated "acts of vandalism" against its branches. It said in a statement on Thursday that it was working to restore ATM and other banking services that had been suspended as a result of the attacks.
HSBC was forced to close branches and suspend some ATMs in Hong Kong on Thursday after the closure of an account used to raise funds for demonstrators led to the territory’s biggest bank being targeted for the first time.
Meanwhile, the London Stock Exchange (LDNXF) is at risk of losing Chinese business because of Beijing's anger at Britain's stance on the protests in Hong Kong. Reuters citing some sources reported that a partnership between the London and Shanghai stock exchanges was being suspended because of political tension.
The protests started in June over a controversial extradition bill, and have now evolved into broader anti-government demonstrations.
Earlier, China's National People's Congress urged the US to terminate its interventions in Hong Kong and China's affairs.
Hong Kong has been governed under a “one-country, two-system” model since the city -a former British colony- was returned to China in 1997.
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