A top HSBC executive signed a petition supporting China's imposition of security legislation on Hong Kong, putting the bank on Beijing's side in the dispute
The global bank, based in the U.K.
but whose roots and profits grow mostly from Hong Kong and Asia, had been under pressure in recent days to come out publicly over the law. The U.S., U.K. and other Western governments have strongly objected to the new law, saying it breaches an agreement that granted Hong Kong a degree of...
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HSBC executive signs petition backing China security law for Hong KongHSBC's top executive in Asia has signed a petition backing China’s imposition of a national security law on Hong Kong, an online bank post said on Wednesday, breaking years of political neutrality for the UK-based, Asia-focused lender.
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Hong Kong leader calls out 'double standards' on national security, points to U.S.Hong Kong leader Carrie Lam accused foreign governments of 'double standards' in their reaction to Beijing's plans to impose national security laws on the city, pointing to anti-police brutality protests in the United States.
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Beijing is unlikely to target U.S. investors in retaliation, Hong Kong lawmaker saysAny counter measures that China lobs back in retaliation for the U.S. revoking Hong Kong's special status will not likely to hurt American investors, according to Regina Ip.
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