On Saturday, October 15th 2011, hundreds of protesters occupied Exchange Square in Central. Since then, dozens of activists have been occupying the space beneath Central’s HSBC building. Here are a few links to local/international coverage:
- Tom on Reuters (video), on TVB (video) Sina (press), CRI English (radio) and a longer quote on RTHK 3 (radio) after the Exchange Square protest on 15.10.11.
At a time of deep cuts and austerity measures in Europe and the US, booming Hong Kong is enjoying such a surplus that the government is offering personal US$700 bail-outs to all residents, subsidising electricity bills and allowing families in public housing free rent for 2 months. However, not all is as it seems beneath the Tiger Economy’s glittering skyline.
Last Saturday, over 300 ‘Occupy Hong Kong’ activists gathered at the city’s Stock Exchange. As the freest economy in the world and the third most favoured tax haven, one would doubt that the thriving ‘Capital of Capitalism’ would have seen anything of the Occupy Wall St movement. However, the turnout exceeded all expectations as demonstrators were keen to raise awareness of the territory’s shameful growing income disparity.