MPs to question HSBC chief over freezing Hong Kong pro-democracy accounts
HSBC's chief executive will be hauled in front of MPs next week to explain why the bank has frozen the accounts of pro-democracy activists in Hong Kong.
The bank has avoided public comments on the deepening crisis since it backed Beijing's controversial security law for the former British colony last year. HSBC's profits are heavily dependent on China.
The crackdown criminalises anti-government movements in Hong Kong, resulting in the arrest of dozens of pro-democracy figures since it was imposed last summer.
#HSBC #TedHui #Frozen #Explain #MPs
Source: Telegraph #Jan22
https://www.telegraph.co.uk/business/2021/01/22/mps-question-hsbc-chief-freezing-hong-kong-pro-democracy-accounts/
HSBC's chief executive will be hauled in front of MPs next week to explain why the bank has frozen the accounts of pro-democracy activists in Hong Kong.
The bank has avoided public comments on the deepening crisis since it backed Beijing's controversial security law for the former British colony last year. HSBC's profits are heavily dependent on China.
The crackdown criminalises anti-government movements in Hong Kong, resulting in the arrest of dozens of pro-democracy figures since it was imposed last summer.
#HSBC #TedHui #Frozen #Explain #MPs
Source: Telegraph #Jan22
https://www.telegraph.co.uk/business/2021/01/22/mps-question-hsbc-chief-freezing-hong-kong-pro-democracy-accounts/