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  • Tue. Nov 5th, 2024

China banks’ HK arms try to rally staff support for security law

China banks’ HK arms try to rally staff support for security law

HONG KONG (Reuters) – As Beijing moved ahead with a national security law for Hong Kong, some of the hundreds of thousands of professionals working at the local units of Chinese financial firms could find themselves stuck in the crosshairs.

Staff at BOC Hong Kong, the local arm of Bank of China, CEB International, a unit of China Everbright Bank, and a local unit of China Construction Bank said they had been asked by managers in the last few days to put in signatures in support of the law.

Beijing unveiled plans last week for the law that aims to tackle any secession, subversion and terrorist activities in the city, and China’s parliament approved it on Thursday

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