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2 mentions found


☆ HSBC executive apologizes after calling the UK 'weak' for following US lead over China
  + stars: | 2023-08-08 | by ( Michelle Toh | ) edition.cnn.com   time to read: +4 min
Hong Kong CNN —A top executive at HSBC has apologized after reportedly calling the UK government “weak” over its dealings with China, in another sign of the political tightrope the British bank has to walk. He also said the British government would often concur with US demands, calling it “weak,” the publication reported. Several conservative UK lawmakers seized the occasion Monday to criticize Cowper-Coles and HSBC (HSBC). Meanwhile, Hong Kong and mainland China combined made up nearly 40% of profit, according to its most recent financial report. In 2020, HSBC’s top executive in Asia publicly declared support for a controversial national security law that Beijing introduced in Hong Kong, inviting fierce backlash from Western government officials and investors.
Persons: Sherard Cowper, Cowper, Coles, Washington, Britain shouldn’t, —, “, “ Sherard, Tim Loughton, ”, Iain Duncan Smith, Sir Sherard Cowper, Stephen Chung, Noel Quinn Organizations: Hong Kong CNN, HSBC, Bloomberg, CNN, Cowper, China - Britain Business Council, Chatham, Coles, Former Tory, Getty, Hong Locations: Hong Kong, China, Coles, United Kingdom, United States, London, British, Beijing, Israel, Saudi Arabia, Afghanistan, Chatham, Asia, Xinhua, East
☆ HSBC senior official apologises for saying UK 'weak' over China
  + stars: | 2023-08-07 | by ( Iain Withers | ) www.reuters.com   time to read: +2 min
LONDON, Aug 7 (Reuters) - HSBC's head of public affairs has apologised after reportedly saying that Britain had been "weak" for going along with U.S. demands to curtail business dealings with China. HSBC (HSBA.L), , which makes the bulk of its profit in Asia, has faced criticism from Western lawmakers over its dealings with China. "I was speaking at a private event under Chatham House Rule and my personal comments don't reflect the views of HSBC or the China-Britain Business Council. I apologise for any offence caused," Cowper-Coles said in a statement provided by HSBC on Monday. The Chatham House Rule, named after a London-based foreign affairs think tank, means participants can use information received but cannot identify the speaker nor their affiliation, according to the Chatham House website.
Persons: Sherard Cowper, Cowper, Coles, Mike Pompeo, Iain Withers, Susan Fenton Organizations: Washington, Bloomberg, HSBC, Coles, China - Britain Business Council, Chatham House, Britain's, Chatham, Thomson Locations: Britain, China, Coles, West, Asia, British, London, Chatham, Hong Kong, Beijing
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