This leisurely square used to house effigies of British royalty. Now it pays tribute to a single sovereign – the founder of HSBC. In the northern area (reached via an underpass) is the Cenotaph, built in 1923 as a memorial to Hong Kong residents killed during the two world wars. On the south side of Chater Rd, Statue Sq has a pleasant collection of fountains and seating areas, with tiling that's strangely reminiscent of a 1980s municipal washroom.

To the east a building resembling a swimming stingray houses a prestigious club that didn't accept Chinese members until well after WWII.