After being rejected by HSBC in an attempt to open a joint account to receive donations, the new political party Demosistō has hit another banking hurdle.
Earlier this month, Joshua Wong Chi-fung, convener of the now defunct student activist group Scholarism and now secretary general of Demosistō, said HSBC rejected his applications to open a joint account with deputy secretary general Agnes Chow Ting and an individual account.
Demosisto then decided to use Chow’s personal account at Hang Seng Bank to receive donations from the public that would be monitored by a lawyer and an accountant.
However, Chow received notice from the bank Monday that, because her account wasn’t being used for personal purposes, money could only be withdrawn from but not deposited into the account, the Hong Kong Economic Journal reported Tuesday.
A representative of Hang Seng Bank said it had learned from newspaper reports that Chow was using her student banking account to collect public donations.
The bank said it will keep an eye on whether the account is being used properly by the account holder.
Chow said it is extremely difficult to open a bank account, and supporters can now donate money to the party only through online payment system Paypal.
She emphasized that all donations will be monitored by a lawyer and an accountant.
Chow said earlier she is worried that the party’s application for registration as a company might also be rejected.
– Contact us at [email protected]