HSBC may have to choose between East and West as China tightens grip on Hong Kong

HSBC has carved out a lucrative role in global banking over the past 155 years by straddling the line between East and West. Now, a political firestorm over the bank's hometown of Hong Kong could force the bank to choose sides.

Hong Kong HSBC has carved out a lucrative role in global banking over the past 155 years by straddling the line between East and West. Now, a political firestorm over the bank's hometown of Hong Kong could force the bank to choose sides.

The lender, which began life as the Hongkong and Shanghai Banking Corporation, is based in London but makes most of its money in Asia. Last month, it waded into the political fight over Hong Kong's future by publicly backing a controversial security law Beijing was imposing on the financial hub.

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