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HK’s Mainland Banks Impose Staff Travel Restrictions: Former HK Mainland Bank VP

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02 November 2023
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  • Previous Article China’s Elite Moving Wealth Abroad to Protect Assets From ‘CCP Exploitation,’ Says Princeling
  • Next Article Lawmakers Demand Answers From Costco Over Sale of Surveillance Equipment Made Using ‘Banned Chinese Components’
HK's Mainland Banks Impose Staff Travel Restrictions: Former HK Mainland Bank VPOn Oct. 18, senior Hong Kong banker Ng Ming-tak told the media that mainland bank employees in Hong Kong have been subject to tight overseas travel control in recent years. Mr. Ng, who served as senior vice president of the China Construction Bank (Asia) before 2017, pointed out during an online interview on “Precious Dialogue” that higher-ranking mainland bank staff members employed by state-owned enterprises in Hong Kong have had their passports literally taken “out of their own hands.” “Unless they use a fake passport, like Meng Wanzhou, they can hardly travel to overseas destinations at will.” Mr. Ng also acknowledged that because none of these party members can travel abroad now, some of them came to him for help. But as he mentioned in the program, there is nothing you can do because their passports are all held by the Organization Department of the CCP....

Read more https://www.theepochtimes.com/china/hks-mainland-banks-impose-staff-travel-restrictions-former-hk-mainland-bank-vp-5519179

  • Previous Article China’s Elite Moving Wealth Abroad to Protect Assets From ‘CCP Exploitation,’ Says Princeling
  • Next Article Lawmakers Demand Answers From Costco Over Sale of Surveillance Equipment Made Using ‘Banned Chinese Components’

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