ASIA – HONG KONG – ADVERTISING AND INFLUENCE
Two major British banks stopped advertising with one of the city’s biggest newspapers in what may be an escalation of pressure by mainland China on Hong Kong’s independent news media, according to The New York Times.
The commercial director of Next Media Limited, Mark Simon, said two London-based banks, HSBC and Standard Chartered, ended long-time advertising relationships in late 2013 with the paper, Apple Daily, after being told to do so by the Chinese government.
As reported by Simon, a representative from HSBC told him that the decision to stop advertising came after the deputy director of the central government’s liaison office in Hong Kong, Yang Jian, told the bank to end its advertising relationship.
Next Media Limited, a newspaper, television and Internet company based in Hong Kong and Taiwan, is known for its strong advocacy of democratic freedoms in Hong Kong.