UK banking giants back HK security law
UK banking giants HSBC and Standard Chartered have expressed their support on China's proposed security law on Hong Kong. – EPA pic, June 4, 2020.
BRITISH banking giants HSBC and Standard Chartered today backed China’s contentious security law proposal for Hong Kong, which critics fear will be used to stamp out dissent in the city. Beijing announced plans last month to bypass Hong Kong’s legislature and impose the law, following seven straight months of huge and often violent pro-democracy protests last year.
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