HSBC says it supports China's security law for Hong Kong
) 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.
HSBC has not weighed in on the political situation in the former British colony in recent months, but has faced increasing calls in Chinese state media to make its position clear.Wong, a member of the Chinese People’s Political Consultative Conference, a political advisory body in China, told the official Xinhua news agency in an interview published on Wednesday he hoped the law could bring stability to Hong Kong.
HSBC was briefly caught up in Hong Kong’s months-long anti-government protests, with some of its branches vandalised and the famous bronze lion statues outside its headquarters defaced during a protest march on Jan. 1. Some of HSBC’s corporate peers have faced swift retribution from Beijing for their perceived support for the anti-government protesters.
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