HSBC may have to choose between East and West as China tightens grip on Hong Kong
Chinese Ambassador to the United Kingdom Liu Xiaoming Responded This Weekaccusing the country of "blatant interference" in Hong Kong and saying that any treatment of China as an enemy is "completely false".
HSBC's relationship with the two countries makes it an obvious target as relations deteriorate, according to Willy Lam, assistant professor at the Center of China Studies at the Chinese University of Hong Kong.
Even if the bank has been established in the United Kingdom since 1992, Hong Kong is its largest market and represents more than half of the group's profits. Asia generated more than 80% of HSBC's ...