The statue showed piled-up corpses to commemorate the hundreds - possibly thousands - of pro-democracy protesters killed by Chinese authorities in 1989.
It was one of the few remaining public memorials in Hong Kong commemorating the incident.
In 1989, Beijing's Tiananmen Square became the focus for demonstrations calling for greater political freedoms. Thousands of people camped for weeks in the square, but on 3 June the military moved in and troops opened fire.