HSBC: In showdown between China and the West, HSBC gets caught in the middle – The Economic Times

HONG KONG: Like Hong Kong , HSBC has long sat at the crossroads between East and West, a big global bank based in Britain that has reveled in and profited from its deep relationship with China . And like Hong Kong, it is now caught in the middle of a new era of confrontation between Beijing and major Western governments. In China, HSBC has been accused of ࢀœsetting trapsࢀ to ensnare the Chinese tech giant, Huawei . In Britain, it has been admonished for lobbying on behalf of Huawei. Straddling neutral ground is no longer an option. HSBC got called…