Bloomberg News

Occupy Central Hong Kong Protesters Enter Their Second Day

October 16, 2011

Oct. 16 (Bloomberg) -- Members from the Occupy Central movement held a second day of protests in Hong Kong today after about 40 demonstrators slept overnight in a foyer beneath the Asian headquarters of HSBC Holdings Plc.

Armed with tents, bullhorns and a gas-powered generator used to help them recharge their laptops, the protesters occupied the public thoroughfare under the building as about a dozen police stood by.

“Wall Street has a campaign to start asking questions about capitalism but this is not enough,” said Derrick Benig, a 22-year-old art student who slept in a tent overnight. “I want to tear down capitalism.”

Hong Kong is one of several Asian cities including Seoul, Taipei and Tokyo which have seen protests inspired by the month- old Occupy Wall Street movement in New York City spread to their streets over the weekend.

About 200 people gathered at the Exchange Square Podium in the Central financial district yesterday, according to Napo Wong, an organizer.

Sydney, Toronto and other cities also saw protests on Saturday, which turned violent in Rome, in what organizers called a “global day of action against Wall Street greed.” Backers say they represent “the 99 percent,” a nod to Nobel Prize-winning economist Joseph Stiglitz’s study showing the top 1 percent of Americans control 40 percent of U.S. wealth.

--Editor: Allen Wan

To contact the reporter on this story: Frederik Balfour in To contact the reporter on this story: at fbalfour@bloomberg.net

To contact the editor responsible for this story: Bret Okeson at bokeson@bloomberg.net


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