Seen as complicit with Cnina, HSBC targeted by Hong Kong protests
Hong Kong is the bank’s single most important market, but some protesters accuse it of preventing money getting to them and their cause
02 January 2020 - 12:19
Hong Kong — HSBC is being drawn into Hong Kong’s political turmoil with protesters attacking some of its branches and graffiti being daubed on the famous pair of lions that guard its city-centre headquarters.
Hong Kong is the bank’s single most important market, accounting for just more than half of its $12.5bn pre-tax profits in the first half of 2019, though with the protests tipping Hong Kong’s economy into recession, HSBC and its peers are expected to take a financial hit...
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