HONG KONG/LONDON (Reuters) – HSBC’s ( HSBA.L) top executive in Asia has actually signed a petition backing China’s imposition of a national security law on Hong Kong, an online bank post said on Wednesday, breaking years of political neutrality for the UK-based, Asia-focused lending institution.
FILE PICTURE: A logo design of HSBC is shown at a cable car station outside its headquarters structure in Hong Kong, China February 21,2017 REUTERS/Bobby Yip/File Picture
Asia-Pacific Chief Executive Peter Wong signed the petition and HSBC itself “respects and supports all laws that support Hong Kong’s social order”, the bank said in the social networks post.
HSBC has actually not weighed in on the political situation in the former British nest in current months, however has actually faced increasing hire Chinese state media to make its position clear.
A Hong Kong-based spokeswoman for the bank decreased to comment beyond the contents of the post.
Wong, a member of the Chinese People’s Political Consultative Conference, a political advisory body in China, told the official Xinhua news company in an interview released on Wednesday he hoped the law might bring stability to Hong Kong.
Hong Kong is HSBC’s essential single market and