Caught between China and the US, the pressure for HSBC to split grows | Nils Pratley

Chief executive Noel Quinn opines unconvincingly about staying out of politics, but it’s not that simpleHSBC denies taking political stance in Hong KongNoel Quinn, chief executive of HSBC, had his line and he stuck to it. He was just a humble banker, obeying the rules in Hong Kong, even the draconian ones imposed by Beijing that stamp out the last knockings of democracy. “It’s not my position to make moral or political judgments on these matters,” he told the foreign affairs select committee. “I have to comply with law.”One matter in question was HSBC’s freezing of the bank account of… Source – Full Article https://www.theguardian.com/business/nils-pratley-on-finance/2021/jan/26/caught-between-china-and-the-us-the-pressure-for-hsbc-split