HSBC: China

Treasury written question – answered on 13th July 2021.

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Photo of Peter Dowd Peter Dowd Labour, Bootle

To ask the Chancellor of the Exchequer, what assessment he has made of the implications fpr his policies of HSBC’s decision to transfer executives from the UK to China.

Photo of Peter Dowd Peter Dowd Labour, Bootle

To ask the Chancellor of the Exchequer, what discussions he has had with HSBC on the National Security Law in Hong Kong.

Photo of Peter Dowd Peter Dowd Labour, Bootle

To ask the Chancellor of the Exchequer, what discussions he has had with HSBC on the freezing of pro-democracy activist Ted Hui’s bank account.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

The Government engages in regular dialogue with businesses in Hong Kong and the UK, as well as monitoring the operation of the financial sector and its participants on an ongoing basis. Financial institutions operating in Hong Kong do so within a strict legal and regulatory framework.

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