How HSBC got caught in a geopolitical storm over Hong Kong security law

HSBC has been a fixture of the Hong Kong economy for more than a century. However, its origins as a financial bridge between Asia and the west have placed it in the centre of a modern day geopolitical storm. Facing pressure to choose sides as Hong Kong is convulsed by the new security law imposed by Beijing and Donald Trump pursues a trade war with China, HSBC is in danger of finding itself without friends in either direction.

Headquartered in London, but dependent on Hong Kong and China for profits, HSBC has been affected by tensions between Washington and Beijing – and shareholder concern over its controversial acceptance of an authoritarian crackdown in its key market.

Last week that high-wire act was thrown into sharp relief when, despite HSBC’s public overtures to Beijing, a Chinese state-run newspaper reported the bank could be included on an official list – as

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How HSBC got caught in a geopolitical storm over Hong Kong security law | HSBC

HSBC has been a fixture of the Hong Kong economy for more than a century. However, its origins as a financial bridge between Asia and the west have placed it in the centre of a modern day geopolitical storm. Facing pressure to choose sides as Hong Kong is convulsed by the new security law imposed by Beijing and Donald Trump pursues a trade war with China, HSBC is in danger of finding itself without friends in either direction.

Headquartered in London, but dependent on Hong Kong and China for profits, HSBC has been affected by tensions between Washington and Beijing – and shareholder concern over its controversial acceptance of an authoritarian crackdown in its key market.

Last week that high-wire act was thrown into sharp relief when, despite HSBC’s public overtures to Beijing, a Chinese state-run newspaper reported the bank could be included on an official list – as yet

Read More