HSBC wins court bid to evict Occupy Hong Kong protesters

August 13, 2012 09:10


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HONG KONG - HSBC won a legal bid on Monday to have members of the Occupy Hong Kong movement evicted from the open-air plaza beneath the bank's Asian headquarters, bringing an end to one of the longest-running Occupy demonstrations.

The Hong Kong protests, sparked by the Occupy Wall Street movement that targeted US financial policies blamed for the income gap between rich and poor, spanned a period of growing resentment in this city of 7 million people against perceived cozy ties between the government and big business.

The movement's aim to draw worldwide attention to income inequality also touched a nerve in this former British colony, which has one of the biggest income gaps in Asia and property prices among the highest in the world.

Monday's order came more than nine months after protesters pitched tents in the heart of Hong Kong's financial district, home to global banks such as Standard Chartered , Goldman Sachs and JP Morgan.

The protesters, who have been given until Aug. 27 to vacate the site, remained defiant.

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