The Chinese Communist Party (CCP) is using “coercive bullying tactics” with the UK, said U.S. Secretary of State Mike Pompeo, citing HSBC bank’s reported conduct toward Hong Kong account holders.
He also criticized HSBC for maintaining the bank accounts of people who had been “sanctioned” for denying the freedom of Hong Kongers, while closing the accounts of freedom seekers.
Pompeo cited an earlier occasion when HSBC sided with Beijing in its repression of freedom for Hong Kong citizens.
“Only a few months ago, HSBC’s Asia-Pacific CEO signed a petition supporting Beijing’s decision to crush Hong’s Kong’s autonomy and its people’s freedoms,” Pompeo said.
“Free nations must ensure that corporate interests are not suborned by the CCP to aid its political repression,” he added.
Bankers’ Bonuses
Last month, British Foreign Secretary Dominic Raab reprimanded HSBC and other banks for supporting China’s new national security law, saying the rights of the people of Hong Kong should not be sacrificed for bankers’ bonuses.Senior British and U.S. politicians criticized HSBC and Standard Chartered in June after the banks backed China’s national security law for the territory.
Washington has criticized Beijing’s crackdown against pro-democracy opposition in the now Chinese-ruled city following the sweeping new national security law imposed on Hong Kong on June 30 that was widely condemned by Western nations.
Foreign Commonwealth Office
“We are in close contact with a wide range of businesses in Hong Kong and are working with them on the impact of the national security legislation and related developments", a British Foreign and Commonwealth Office spokesperson said in an email.Pompeo said that the United States would help the UK withstand China’s bullying tactics.
“We stand ready to help the British government and its companies resist CCP bullying and stand for freedom,” he said.
An HSBC spokesperson declined to comment to The Epoch Times.