U.K. Politicians Rebuke HSBC as Top Asia Executive Backs China
- Rees-Mogg suggests lender not aligned with U.K. on Hong Kong
- Tory backbencher suggests Britons should bank somewhere else
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Several British politicians criticized HSBC Holdings Plc’s support for China’s sweeping proposed security legislation for Hong Kong, soon after the global lender’s top executive in Asia publicly showed his support for Beijing.
Jacob Rees-Mogg, the governing U.K. Conservatives’ house leader, said London-based HSBC may be more closely “aligned with the Chinese government than Her Majesty’s government.”