HSBC Bends The Knee To Beijing, Says It Will “Respect & Support” Security Law

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by Tyler Durden Wed, 06/03/2020 - 19:20 Roughly a week after a former top CCP bureaucrat in Hong Kong hinted that it was time for HSBC to bend the knee and endorse the new "National Security" law imposed on HK by Beijing, the colonial-era bank has done just that, releasing a statement on Wednesday welcoming the new law, while continuing to "We reiterate that we respect and support laws and regulations that will enable Hong Kong to recover and rebuild the economy and, at the same time, maintain the principle of 'one country two systems'" HSBC said in a statement...