Hong Kong’s Lam Praises HSBC After CEO ‘Grilled,’ Slams U.K.
- City’s leader says she would ‘love’ to see bank expand
- Noel Quinn defended move to freeze account of ex-lawmaker
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Hong Kong leader Carrie Lam endorsed a stronger presence for HSBC Holdings Plc while hitting out at the U.K. for both disparaging the bank and failing to contain the coronavirus as Prime Minister Boris Johnson opens the door for millions of the territory’s residents to move.
In an interview Thursday with Bloomberg Television, Lam said she would “love” to see HSBC expand in Hong Kong, where it has come under increased criticism over freezing the accounts of activists and supporting the financial hub’s sweeping national security law. Lam also said China probably wouldn’t take action against lenders that comply with U.S. sanctions, which the law forbids.