HSBC apology shows HK banking fearsTENSIONS: The bank had announced changes to its terms from July 26, saying that customers might not be able to use online or mobile banking outside of Hong Kong HSBC Holdings PLC apologized to customers in Hong Kong after an update to its online and mobile banking terms stoked fears over overseas access to its services in the territory. The quick mea culpa by Hong Kong’s biggest bank — triggered by a Twitter post — underscores growing concerns in the territory over not only civil society, but also pressures on businesses as China tightens its grip. Banks are trying to navigate an increasingly fraught political environment. The Hong Kong government last week used them as a hammer to shutter the territory’s premier pro-democracy newspaper, the Apple Daily, ordering seven lenders against dealing

Source: Taipei Times June 28, 2021 15:56 UTC