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HSBC and Standard Chartered publicly back China security law for Hong Kong

HSBC and Standard Chartered publicly back China security law for Hong Kong

UK-based HSBC and Standard Chartered banks have seen a rise in their share prices in Hong Kong after the pair publicly supported China’s controversial new national security law covering the territory, in a break from their usual policy of political neutrality. HSBC ’respects and supports all laws that stabilize Hong Kong’s social order,’ the bank said in a post on social media in China.

Clara
Clara
Robert_Clearwater
Robert_Clearwater 2 months

Of course the banks and conglomerates and corporations love China. Who doesn't support a bill that makes it a criminal act to criticize your leaders or slouch during the national anthem?

Jack
Jack 2 months

What a pair of scumbag corporations. I hope they lose customers in droves for this behaviour.

Drunkin Lephrechaun
Drunkin Lephrechaun 2 months

I’m sure they won’t have any problem when China nationalizes all corporations in Hong Kong and takes all their loot because it will be legal and they will have no recourse then...oh,wait...

Andrew 1010
Andrew 1010 2 months

Well now I atleast know which banking corporation I will definitely not participate with.

jean-marc
jean-marc 2 months

Great now I am going to have to find a new bank

Kiwi
Kiwi 2 months

Time to move my account away from Hsbc....

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