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 Hong Kong activists float Bank of China ‘stress test’ as protests continue to evolve

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Hong Kong activists float Bank of China ‘stress test’ as protests continue to evolve Vide
PostSubject: Hong Kong activists float Bank of China ‘stress test’ as protests continue to evolve   Hong Kong activists float Bank of China ‘stress test’ as protests continue to evolve Icon_minitimeMon Jul 08, 2019 9:10 pm

Anti-government protesters in Hong Kong began circulating plans today to “stress test” the Bank of China in their bid to keep pressure on the city’s pro-Beijing leaders, after five people were arrested in the latest clashes with police.
The city has been mired in its worst crisis in recent history following a month of huge marches as well as separate violent confrontations with police involving a minority of hardcore protesters.
Sunday night saw fresh violence break out in the district of Mong Kok as police baton-charged small groups of masked, largely young protesters who were walking along roads and refused to disperse following another massive, peaceful rally earlier in the day.

By Monday morning, online groups were already planning more protests on encrypted messenger apps and chat forums that have been successfully used by demonstrators to bring out huge crowds.
One proposal going viral was a call to collectively withdraw funds from the Bank of China this Saturday to “stress test” the organization’s liquidity.
Shares in the bank were down about 1 percent today in line with the broader market.

Hong Kong activists float Bank of China ‘stress test’ as protests continue to evolve Bank-of-china-file-photo-myriam-tsen-kung-coconuts-media-960x540

https://coconuts.co/hongkong/news/hong-kong-activists-float-bank-of-china-stress-test-as-protests-continue-to-evolve/

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