HSBC walking on a political tightrope


HONG KONG: The two bronze lion statues standing guard over HSBC Holdings Plc’s main offices in Hong Kong still bear the marks of an attack by protesters, who last week daubed them with red and black paint, setting at least one ablaze. Graffiti declared that HSBC had been dyed the red of China.

HSBC has vowed to restore the iconic lions to their former glory. But the Asia-focused lender may not find it so easy to disentangle itself from deepening tensions in its biggest market at a time when its new leadership must also repair a relationship with Beijing that’s been weakened by the Huawei Technologies Co probe.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Awantec to strengthen its synergistic offerings to drive growth
Bursa Malaysia hits more than RM2 trillion in market capitalisation
Sapura Energy gets US$1.8bil worth of PLSV-related contracts
OCK enters tower leasing agreement, marks debut into Laos
AmBank, CGC announce additional RM400mil under the SME Portfolio Guarantee Scheme
FBM KLCI soars above 1,600, highest in over two years
Bursa Reach to bridge investor-remisier gap
BP profits drop to US$2.7bil, refinery outage offsets higher output
UOB Malaysia launches Masterclass to help businesses for EU's Carbon Border Policy
Oil climbs after Israel strikes Gaza, truce talks continue

Others Also Read