HSBC issued its statement after Chinese state media revived a longstanding allegation that HSBC had been 'setting traps to ensnare Huawei' in its legal fight with the United States
The London-based bank was drawn this weekend into issuing a denial of renewed claims that it"framed" Huawei to help the US government. In a statement posted on Chinese social media platform WeChat, the company stressed that it does not harbor any"hostility" against the Chinese tech giant.
Chinese state media has for the last year been hitting HSBC — which has its roots in Hong Kong and Shanghai — for its role in Meng's arrest. In its response, HSBC said it was not involved in the US decision to charge Huawei or to request Meng's arrest in Canada. Tensions between HSBC and China have been rising since Meng's arrest, putting HSBC in a tough spot. The bank, which began life as the Hongkong and Shanghai Banking Corporation, makes most of its money in Asia, even though its global headquarters is in the United Kingdom.
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