US slams HSBC over treatment of Hong Kong customers, says China ‘bullying’ UK | Malay Mail

📆 8/26/2020 6:57 PM
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WASHINGTON, Aug 26 — US Secretary of State Mike Pompeo today renewed criticism of British bank HSBC for its reported treatment of customers linked with the pro-democracy movement in Hong Kong, saying China was “bullying” the United Kingdom. Pompeo cited reports of Hong Kong-based executives...

Wednesday, 26 Aug 2020 11:47 PM MYT

Pompeo cited reports of Hong Kong-based executives at Next Media being unable to access their HSBC bank accounts and said the bank was “maintaining accounts for individuals who have been sanctioned for denying freedom for Hong Kongers, while shutting accounts for those seeking freedom.” The bank is still taking loan and credit card payments from the accounts despite the block, Simon said.

HSBC has in recent months faced mounting pressure on both sides of the Atlantic as it attempts to balance its need to maintain access to the Chinese market with appeasing lawmakers in the United States and Britain critical of Beijing’s handling of the democracy movement in Hong Kong.

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