LONDON : Two influential lawmakers in the United States and Britain accused HSBC on Friday of contributing to the oppression of people in Hong Kong by thwarting their attempts to access pension funds in order to emigrate.The intervention piles further pressure on HSBC, which has attracted criticism for al
LONDON : Two influential lawmakers in the United States and Britain accused HSBC on Friday of contributing to the oppression of people in Hong Kong by thwarting their attempts to access pension funds in order to emigrate.
Mike Gallagher, chair of a U.S. Congress select committee on China, and Alicia Kearns, chair of Britain's Foreign Affairs select committee, said they had"deep concern" about HSBC's conduct in a letter to HSBC CEO Noel Quinn dated June 30 and seen by Reuters. A HSBC spokesperson said the bank was following local rules. The letter was earlier reported by the Financial Times.
After Britain offered Hong Kongers with BNO passports a route to move to the UK, the MPF authority running the island's pension scheme said they would not accept this as a valid document. HSBC is a trustee institution of the MPF pension scheme, the letter said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Actor Kevin Spacey is a 'sexual bully', London court toldLONDON : Kevin Spacey is a 'sexual bully' who assaults men and does not respect personal boundaries or space, a British prosecutor said on Friday at the start of the U.S. Oscar-winning actor's trial on a sex offence charges. Spacey, 63, has pleaded not guilty to a dozen allegations of historic sex offence
Read more »
US actor Kevin Spacey is a 'sexual bully', London court toldLONDON :Kevin Spacey is an aggressive 'sexual bully' who assaults men and does not respect personal boundaries or space, a British prosecutor said on Friday at the start of the Oscar-winning U.S. actor's trial on sex offence charges. Spacey, 63, has pleaded not guilty to a dozen allegations of historic sex of
Read more »
Hong Kong Stock Exchange to shorten IPO settlement period to two daysHONG KONG : Hong Kong Exchanges and Clearing will launch a new initial public offering (IPO) settlement platform to improve efficiency by shortening the period between pricing of an IPO and trading of shares to two days, the bourse said on Wednesday. The platform FINI, or the fast interface for new issuan
Read more »
HK Reunification Cup aim for Sword PointHONG KONG Frankie Lor is hopeful Sword Point can ease the frustrations over a string of minor placings with success in the Class 2 Hong Kong Reunification Cup Handicap (2,000m) at Sha Tin on Saturday, as five-time Hong Kong champion jockey Zac Purton reunites with the talented...
Read more »
Hong Kong pro-democracy radio station closes in face of ‘dangerous’ pressureCritics say its closure represents a further erosion of Hong Kong’s media diversity. Read more at straitstimes.com.
Read more »
Three Just Stop Oil protesters charged after disrupting play at Lord'sLONDON : Three Just Stop Oil protesters were charged with aggravated trespass after they interrupted day one of the second Ashes test match between England and Australia at Lord's, London's Metropolitan Police said on Thursday.Protesters ran onto the ground and scattered orange powder on the outfield on W
Read more »