Britain's foreign secretary criticizes HSBC for Hong Kong stance

clock • 1 min read

The UK's foreign secretary, Dominc Raab, has criticised HSBC for the Asia-focused bank having backed China's controversial security law for Hong Kong. Speaking in London yesterday at a press conference, the minister replied to a Reuters journalist: "In relation to HSBC, ultimately businesses will make their own judgement calls. But let me just put it this way, we will not sacrifice the people of Hong Kong over the altar of banker bonuses." Last week HSBC, along with Asian rival Standard Chartered, voiced its implicit support for the proposed law, which would make it an offence to "ins...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.