HSBC posted a photo in the Chinese social media showing that Asia Pacific CEO Peter Wong has signed a petition supporting the implementation of the law. HSBC’s London press office confirmed the reality of the mission.
HSBC is headquartered in London, but was founded in Hong Kong and has a significant commercial presence in China. The bank’s statement comes about a week after ex-Hong Kong CEO Leung Chun-ying detonated HSBC because of his silence.
Hong Kong and China are HSBC’s largest moneymakers. Last year, divisions attracted enough money to eradicate losses in the UK and keep the company profitable.
UK-based lender Standard Chartered also said on Wednesday that China’s proposed national security law for Hong Kong could “help maintain the city’s long-term economic and social stability”.
The law will also enable Chinese national security bodies to operate in the city to “fulfill relevant duties to protect national security in accordance with the law”.
Even so, HSBC and Standard Chartered are among the best companies in Hong Kong, appearing on a support show for controversial legislation.
Jardine Matheson, one of the oldest British trading houses in Hong Kong, published a full-page ad in the pro-Beijing Ta Kung Pao and Wen Wei Po newspapers, which have strong ties with the Chinese government on Wednesday.
“It is very important to establish a legal framework that supports national security. It ensures that Hong Kong continues to attract investment, increase employment opportunities and protect people’s livelihoods.” Said.
“The enforcement of national security legislation will be beneficial for the long-term future of Hong Kong as a world-leading business and financial center,” Swire said.
“In every nation [sovereign] the right to address national security concerns, “said Li from CK Hutchison, in a statement released last week.
“Meanwhile, [Hong Kong] It has a critical duty to strengthen the belief of its citizens and to maintain international trust in the constitutional principle of ‘One Country, Two Systems’.
– Alexandra Lin contributed to this report.
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