Standard Chartered Plc, HSBC Holding Plc and other banks are going to close their offices in Hong Kong as pro-democracy protesters remained on the streets following weekend clashes with police.
September 28, BNP Paribas Investment Partners said that it planned to shift staff to a site in Kowloon, a 15-minute ferry ride north across the harbor from the financial district. About 36 bank branches, offices and automated teller machines were temporarily closed today, according to the Hong Kong Monetary Authority. Currently, several thousand citizens are taking part in social disturbances near the government’s main offices.
Shares of HSBC fell 1.2% to HK$81.15 in Hong Kong trading September 29, extending their decline this year to almost 3.6%. The city’s benchmark Hang Seng Index sank 1.8%.
