HSBC and Standard Chartered express support for the highly controversial security law China is pushing in Hong Kong.
, which critics fear will be used to stamp out dissent in the city.
China says the law is needed to tackle"terrorism" and"separatism" in a restless city it now regards as a direct national security threat.to Communist Party rule, despite the promise of limited freedoms and autonomy for 50 years after the city's 1997 handover from Britain. "HSBC reiterates that we respect and support laws that will stabilize Hong Kong's social order and revitalize the economy," HSBC said in a post on Chinese social media WeChat.
In an interview with China's state media agency Xinhua, Wong said he hoped the law would bring"long-term stability and prosperity" to Hong Kong.
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