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Who's Really Bankrolling “Stand with Hong Kong”?

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Who's Really Bankrolling “Stand with Hong Kong”?
Blog

Blog

Who's Really Bankrolling “Stand with Hong Kong”?

2026-01-10 11:24 Last Updated At:11:24

The Jimmy Lai trial ripped the mask off "Stand with Hong Kong." Courts heard how Lai and his operatives weaponized this so-called advocacy group to pursue their "international line"—code for colluding with foreign forces to destabilize national security. But even after ringleaders Andy Li Yu-hin and Chan Tsz-wah got arrested and locked up, Stand with Hong Kong keeps on running. Someone's still pulling the strings.

Born in the chaos of the anti-extradition bill period, "Stand with Hong Kong"—also known as the "lam chau team" (SWHK)—adopted the scorched-earth slogan "If we burn, you burn with us". They've always claimed to be independent, grassroots, funded by crowdsourcing. That story fell apart in court. Evidence showed Lai bankrolled their global ad campaigns and international lobbying—specifically their push to get foreign countries to sanction China.

After the implementation of the Hong Kong National Security Law, Stand with Hong Kong still did not restrain itself. It keeps churning out anti-China content online, publishing report after report. Just last month, they handed the European Union a hit list—14 Hong Kong SAR government officials and police officers they want sanctioned for alleged "human rights violations" and "abuse of force" during 2019.

A Web of Anti-China Allies

Stand with Hong Kong doesn't work alone. They team up constantly with other anti-China outfits, issuing joint statements, lobbying Washington, London, and Brussels to slap sanctions on Hong Kong SAR officials. They've publicly demanded the British government intervene to free Jimmy Lai. They've organized multiple protests in London opposing construction of the Chinese embassy in the UK.

The operation is aggressive, the activities extensive. Yet the key players hide in shadows. Where's the money coming from?

In recent years, the team's gone underground. They operate mainly through online publications and mobilization, coordinating with overseas individuals and organizations. Their website and social media? No contact persons listed. No one claiming responsibility.

The Crowdfunding Fairy Tale

They claim they "rely on crowdfunding to maintain operations". But since their last crowdfunding drive in May 2020, Stand with Hong Kong hasn't published a single shred of public information showing any subsequent fundraising activity.

So where does the cash come from? Informed sources suggest looking at Stand with Hong Kong's overseas network for answers.

Organizations working hand-in-glove with Stand with Hong Kong include the Committee for Freedom in Hong Kong Foundation—run by Mark Clifford, former Next Digital Group director. There's Hong Kong Watch, funded by Mark Simon and operated primarily by Benedict Rogers. There's the Hong Kong Democracy Council, fronted by fugitive national security suspect Anna Kwok. And since 2023, Stand with Hong Kong has served as secretariat for the UK's All-Party Parliamentary Group on Hong Kong.

These "friendly organizations" form a network with crystal-clear political objectives. Through overseas advocacy and coordinated actions, their primary target is attacking the Central Government and the SAR government.

In other words: Jimmy Lai may be behind bars facing trial, but the organizations and individuals Stand with Hong Kong maintains close contact with all have direct or indirect ties to Lai. Whether this team—which brands itself a "grassroots organization"—receives operational funding and other support within this anti-China network remains the billion-dollar question.




Ariel

** 博客文章文責自負,不代表本公司立場 **

The National Security Department of the Police Force launched an enforcement operation on October 6. Officers arrested a man and a woman in Kwun Tong District and Tsim Sha Tsui District respectively, both aged 38.

The arrested persons are suspected of violating Section 24 of the Safeguarding National Security Ordinance, namely the offence of "doing an act with a seditious intention." Sources indicate that the arrested man is Wong Ka-ho, a former member of the localist group "North District Dynamic." The other arrested person is his girlfriend.

It is understood that during the black violence period, someone set up a social media page named "YellowInsurance," covering platforms such as Facebook and Instagram. While promoting insurance business, the page repeatedly published posts supporting the black violence and expressing solidarity with "brothers and sisters."

It also spread messages smearing the Central Authorities and the SAR Government, promoting "Hong Kong independence," and attempting to incite public hatred toward the Central Authorities and the SAR Government.

After the implementation of the Hong Kong National Security Law, this page shifted to continuously inciting through "soft resistance" tactics. It used hashtags or so-called "acrostic poems" and other obscure "edge ball" forms to disseminate anti-China and pro-riot messages and incite "Hong Kong independence." It also promoted the black violence song "Glory to Hong Kong," various yellow shops, and participation in the "yellow economic circle" mobile application "Punish Mee," in an attempt to imperceptibly poison the general public.

Using hashtags or so-called "acrostic poems" and other obscure forms to disseminate messages. (Online image)

Using hashtags or so-called "acrostic poems" and other obscure forms to disseminate messages. (Online image)

The page involved claimed that it could arrange various types of insurance for customers, yet did not disclose the identity of the person in charge or the relevant licence status. An insider's analysis pointed out that this operating method lacked transparency.

The page imitated the operating model of the "yellow economic circle" and hinted in its posts that it was run by anti-government "yellow people," thereby using the political halo to attract yellow-camp consumers to take out insurance through its platform and earn insurance commissions for profit.

Sources say the two arrested individuals are suspected of managing these pages. Wong Ka-ho claimed to work as a financial adviser at a local investment company and holds an insurance intermediary licence. The arrested girlfriend does not work in the insurance industry and does not hold an insurance intermediary licence, and is suspected of having been instigated by Wong Ka-ho to help manage social media.

Under the Insurance Ordinance, selling insurance without a licence or taking part in related regulated activities is a criminal offence. That includes making applications or providing advice on insurance contracts.

Founded in 2015, "North District Dynamic" repeatedly launched and joined protests against parallel traders. Wong Ka-ho was active in those activities and ran in the District Council election that same year for "North District Dynamic", but the pro-democracy camp at the time accused him of "splitting the vote".

In November 2016, Wong and several former members of Demosisto and the League of Social Democrats joined a march against the NPC's interpretation of the Basic Law. He was later arrested for surrounding the Liaison Office of the Central People's Government building and throwing hard objects at police.

In March 2020, Wong Ka-ho and Lui Chi-hang, one of those convicted in the "35+ subversion case", went to MTR Fanling Station to disrupt a signature street booth organized by citizens in "support of Article 23 legislation". The move triggered a pushing and shoving incident involving more than 20 people from both sides.

Reports at the time said Wong and his associates livestreamed the process online during the incident and afterwards shared photos of their own injuries online to court sympathy, and were accused of premeditation.

The "yellow economic circle" broadly refers to the economic activities of so-called "mutual support among brothers and sisters" initiated by some anti-China, destabilizing elements after the 2019 black violence. A senior figure pointed out that in essence it is about amassing wealth by inciting hatred and social confrontation, which both endangers national security and damages Hong Kong's economy and prosperity and stability.

After the Hong Kong National Security Law took effect, the forces concerned still hide in the community, poisoning the public through "soft resistance" to seek private gain, planting major hidden dangers for Hong Kong's long-term stability and prosperous development.

According to records, many people who took part in anti-government activities during the 2019 black violence hoped to profit through the "yellow economic circle".

For example, Chu Kong-wai is suspected of promoting MPF schemes without an MPF intermediary licence. He marketed MPF consolidation schemes on social platforms and through other channels as a "financial adviser", calling on "brothers and sisters" to let his team manage their MPF accounts and claiming they could obtain ideal returns. He was criticized for disregarding clients' potential financial losses.

Chu was attached to Manulife senior branch manager Lee Chun-wah. Before entering the insurance industry, Lee had been a male PE teacher at a secondary school, during which time he associated with a 14-year-old underage girl and once sat on the back of a half-naked girl to take photos, involving indecency toward an underage girl.

He was later revealed to possess nearly a hundred pornographic photos and videos of another girl at the school. He was ultimately convicted on two counts of committing indecent acts against a child under 16 and possession of child pornography.

Secretary for Security Tang Ping-keung mentioned in a radio program a few days ago that Hong Kong currently still faces four major national security risks. They include smearing by external forces, local terrorist activities, those who have absconded overseas continuing to advocate "Hong Kong independence", and hidden "soft resistance". He said bluntly that the most evil thing is "soft resistance", because it may not be very obvious.

The expert points out that this case proves the national security risks from "soft resistance" still exist. The acts in the case are suspected of violating "doing an act with a seditious intention," a serious offence that carries a maximum penalty of 7 years' imprisonment on first conviction.

The expert believes the police will continue to ensure that laws are observed and strictly enforced and that lawbreakers are prosecuted. The force will effectively prevent, stop and punish any acts and activities endangering national security in accordance with the law.

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