London Daily

Focus on the big picture.
Friday, Aug 22, 2025

HSBC’s Iconic Hong Kong Lions Make Return in Subdued City

HSBC’s Iconic Hong Kong Lions Make Return in Subdued City

Damaged and defaced during tumultuous protests at the start of this year, the two bronze lion statues standing guard outside HSBC Holdings Plc’s main office in Hong Kong have made their return to the public in a city subdued by a Chinese crackdown on dissent.

The lions, nicknamed “Stephen” and “Stitt,” were unveiled on Thursday following an almost 10-month restoration project after they were splashed with spray paint and partly set ablaze during a mass march at the start of this year.

“Stephen and Stitt have watched over HSBC Main Building for 85 years,” Peter Wong, the bank’s Asia Pacific chief executive officer, said in a statement. “Through good times and bad, they have been an enduring part of Hong Kong’s story.”

Pro-democracy protests rocked the city for months last year, but have all but disappeared after China imposed a new security law on the city and strict social distancing rules were put in place to prevent the spread of the coronavirus. Most recently, attempts at protests on China’s national day earlier this month were quickly stamped out by thousands of riot police, who swept up scores of people before they could mobilize.

HSBC, which counts Hong Kong as its biggest market, has been caught in a tough spot. The attack on the lions came after the bank closed an account linked to the city’s pro-democracy movement in November. It has also seen some of its branches attacked.

Under pressure from Beijing, the lender also this year publicly endorsed China’s new security law, drawing further ire from activists in the city. The London-based lender’s relationship with China has become increasingly tense, with Chinese media blasting it over its role in the U.S. investigation of Huawei Technologies Co. Last month, the ruling Communist Party’s Global Times newspaper reported that the bank could be put on an “unreliable entity” list that aims to punish firms that damage China’s national security.

China is crucial in HSBC Chief Executive Officer Noel Quinn’s plan to boost profits. Quinn is speeding up shakeup of its global operations, pivoting further into Asia as its European operations lose money and it struggles with ballooning bad debt and low interest rates. The bank was this month for the first time since 2017 not part of a group of banks arranging China’s sovereign dollar debt sale.

But there are now indications the standoff with China could be easing. The Global Times on Oct. 20 in a post on Twitter highlighted comments HSBC Chairman Mark Tucker made to a conference in Shanghai about the bank’s plans to expand in China. The tweet was then followed up on by China’s U.K. ambassador, Liu Xiaoming.


The two lions -- animals the Chinese believe bring good fortune and prosperity to those they guard -- were first placed to watch over its Shanghai office in 1923. They were replicated in 1935 and shipped to Hong Kong, where one was named “Stephen” -- after A.G. Stephen, who commissioned the sculptures and served as the bank’s chief manager from 1920 to 1924 -- and the other “Stitt,” after G.H. Stitt, its then-manager in Shanghai.

Newsletter

Related Articles

0:00
0:00
Close
Ukraine Declares De Facto War on Hungary and Slovakia with Terror Drone Strikes on Their Gas Lifeline
Animated K-pop Musical ‘KPop Demon Hunters’ Becomes Netflix’s Most-Watched Original Animated Film
New York Appeals Court Voids Nearly $500 Million Civil Fraud Penalty Against Trump While Upholding Fraud Liability
Elon Musk tweeted, “Europe is dying”
Far-Right Activist Convicted of Incitement Changes Gender and Demands: "Send Me to a Women’s Prison" | The Storm in Germany
Hungary Criticizes Ukraine: "Violating Our Sovereignty"
Will this be the first country to return to negative interest rates?
Child-free hotels spark controversy
North Korea is where this 95-year-old wants to die. South Korea won’t let him go. Is this our ally or a human rights enemy?
Hong Kong Launches Regulatory Regime and Trials for HKD-Backed Stablecoins
China rehearses September 3 Victory Day parade as imagery points to ‘loyal wingman’ FH-97 family presence
Trump Called Viktor Orbán: "Why Are You Using the Veto"
Horror in the Skies: Plane Engine Exploded, Passengers Sent Farewell Messages
MSNBC Rebrands as MS NOW Amid Comcast’s Cable Spin-Off
AI in Policing: Draft One Helps Speed Up Reports but Raises Legal and Ethical Concerns
Shame in Norway: Crown Princess’s Son Accused of Four Rapes
Apple Begins Simultaneous iPhone 17 Production in India and China
A Robot to Give Birth: The Chinese Announcement That Shakes the World
Finnish MP Dies by Suicide in Parliament Building
Outrage in the Tennis World After Jannik Sinner’s Withdrawal Storm
William and Kate Are Moving House – and the New Neighbors Were Evicted
Class Action Lawsuit Against Volkswagen: Steering Wheel Switches Cause Accidents
Taylor Swift on the Way to the Super Bowl? All the Clues Stirring Up Fans
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Apple Expands Social Media Presence in China With RedNote Account Ahead of iPhone 17 Launch
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Cambridge Dictionary Adds 'Skibidi,' 'Delulu,' and 'Tradwife' Amid Surge of Online Slang
Bill Barr Testifies No Evidence Implicated Trump in Epstein Case; DOJ Set to Release Records
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
The CEO Who Replaced 80% of Employees for the AI Revolution: "I Would Do It Again"
Emails Worth Billions: How Airlines Generate Huge Profits
Character.ai Bets on Future of AI Companionship
China Ramps Up Tax Crackdown on Overseas Investments
Japanese Office Furniture Maker Expands into Bomb Shelter Market
Intel Shares Surge on Possible U.S. Government Investment
Hurricane Erin Threatens U.S. East Coast with Dangerous Surf
EU Blocks Trade Statement Over Digital Rule Dispute
EU Sends Record Aid as Spain Battles Wildfires
JPMorgan Plans New Canary Wharf Tower
Zelenskyy and his allies say they will press Trump on security guarantees
Beijing is moving into gold and other assets, diversifying away from the dollar
Escalating Clashes in Serbia as Anti-Government Protests Spread Nationwide
The Drought in Britain and the Strange Request from the Government to Delete Old Emails
Category 5 Hurricane in the Caribbean: 'Catastrophic Storm' with Winds of 255 km/h
"No, Thanks": The Mathematical Genius Who Turned Down 1.5 Billion Dollars from Zuckerberg
The surprising hero, the ugly incident, and the criticism despite victory: "Liverpool’s defense exposed in full"
Digital Humans Move Beyond Sci-Fi: From Virtual DJs to AI Customer Agents
YouTube will start using AI to guess your age. If it’s wrong, you’ll have to prove it
×