Monday 6 July 2020
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todayonline - 1 month ago

HSBC says respects and supports laws that stabilise Hong Kong

LONDON - HSBC lt;HSBA.L gt; said it respects and supports legislation that stabilises order in Hong Kong, as China moves to impose a national security law it says is aimed at curbing sedition, secession, terrorism and foreign interference. The comments posted on the bank s Chinese social media channel on Wednesday are the most outspoken yet in favour of Beijing s position from the UK-headquartered but China-focused lender, which has historically avoided weighing in on Sino-foreign political matters. A Hong Kong-based spokeswoman for the bank declined to comment beyond the contents of the post. The bank s statement came as tensions rise between HSBC s two home countries, after Britain s prime minister Boris Johnson said the UK will not walk away from the people of Hong Kong if China imposes a national security law that would conflict with its international obligations under a 1984 accord. REUTERS

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