HSBC under fire in UK for backing China's Hong Kong lawMask-clad workers walk past an HSBC logo outside the bank’s Hong Kong HQ -- the bank's decision to back Beijing's controversial security law has caused consternation in Britain. LONDON: Asia-focused banking giant HSBC's vocal support for China's controversial Hong Kong security law has not been well received in Britain, the former ruler of the city. The London-headquartered lender last week backed Beijing's contentious legal proposal for Hong Kong, which critics fear will be used to stamp out dissent in the city. HSBC -- or the Hong Kong & Shanghai Banking Corporation -- is closely linked to the history of the former British colony. "HSBC is synonymous with Hong Kong – the website and bank cards feature the skyline, the HSBC building in Hong Kong is an iconic one, and the firm employs around 30,000 people in Hong Kong," said Emma Wall, head of investment analysis at broker Hargreaves Lansdown.

Source: Bangkok Post June 11, 2020 02:26 UTC