The US Secretary of State, Mike Pompeo, says Beijing continues to use the British bank HSBC’s business in China as political leverage against London. Displays of support for Beijing received little in return, he says. HSBC Asia-Pacific Chief Executive, Peter Wong Tung-shun, who is a also political adviser, signs a petition backing the national security law early this month. “The United States stands with our allies and partners against the Chinese Communist party’s coercive bullying tactics,” Pompeo said in a statement. The members of the shadow cabinet warned the banks in a letter that they could face a boycott and urged them to uphold Britain’s democratic values.

Source: The Standard June 10, 2020 08:48 UTC