Jun 10, 2020

Mike Pompeo criticises HSBC for backing Hong Kong security law

US Secretary of State Mike Pompeo has criticised HSBC for supporting China's move to impose national security legislation in Hong Kong. The statement on Tuesday by America's top diplomat came after both HSBC and Standard Chartered expressed support for China's national security legislation in Hong Kong. Mr Pompeo said the Chinese Communist Party's "Browbeating" of HSBC "Should serve as a cautionary tale". Mr Pompeo said that the US was prepared to help the UK after Beijing reportedly threatened to punish HSBC and drop commitments to build nuclear power plants in the UK unless it allowed China's Huawei to build its 5G phone network. Senior UK and US politicians last week also criticised HSBC and Standard Chartered after they both backed the national security law for Hong Kong.

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