Chinese media support HSBC’s decision to freeze legislator’s account
HSBC’s CEO says the decision was purely driven by the need to comply with local laws
28 January 2021 - 10:39
Hong Kong — HSBC Holdings CEO Noel Quinn’s defence of the bank’s move to freeze a former Hong Kong legislator’s account has gained support from Chinese media and the city’s government.
Quinn, who was grilled by UK legislators on Tuesday, said HSBC’s decision to freeze the account was purely driven by the need to comply with local laws, and that he wasn’t in a position to make a “moral or political judgment” on such matters. He also said he was “trying to stay out of the politics of one country vs another and do the right thing by our customers.”..
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