Global banking giants Standard Chartered and HSBC were among banks that shut branches in Hong Kong as mass pro-democracy protests gripped several parts of the city.

Bank of East Asia, Bank of China Hong Kong and China CITIC Bank International also said their operations were affected by the protests.

Standard Chartered, said it had activated contingency plans continue providing a service to customers.

According to the Hong Kong Monetary Authority (HKMA) nearly 44 branches, offices and automated teller machines (ATMs) were closed on 29 September 2014.

The HKMA said it would "inject liquidity" into the banking system "as and when necessary" and monitor the stability of the Hong Kong dollar exchange rate after the currency fell to a six-month low against the US dollar.

Thousands of protesters descended on Hong Kong to campaign for the Chinese government to grant full democratic powers to the area.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.