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HSBC and Standard Chartered’s support for security law challenged by Lisa Nandy and Anneliese Dodds
Labour frontbenchers have criticised the chief executives of HSBC and Standard Chartered banks for supporting China’s political leaders, urging them to revoke their support for Beijing’’s controversial security law, which they say threatens democratic rights in Hong Kong. They warned the banks that they could face a boycott.
In letters sent to the HSBC boss Noel Quinn and Standard Chartered’s chief executive, Bill Winters, on Friday, the shadow foreign secretary, Lisa Nandy, and the shadow chancellor, Anneliese Dodds, said they had “profound concerns” that both banks had backed Beijing’s new rules, which violate Joint Declaration treaty commitments and could limit freedoms for HK citizens. Continue reading...